Etsy Inc

NASDAQ:ETSY  
169.67
+0.03 (+0.02%)
4:56:43 PM EDT: $169.35 -0.32 (-0.19%)
Divestitures / Spin-offs, Other Pre-Announcement, Mergers / Acquisitions

Etsy To Acquire Global Fashion Resale Marketplace Depop

Published: 06/02/2021 09:43 GMT
Etsy Inc (ETSY) - Etsy to Acquire Global Fashion Resale Marketplace Depop.
Etsy Inc - Deal for $1.625 Billion.
Etsy Inc - Etsy Has Sufficient Available Liquidity to Fund Acquisition.
Etsy Inc - Depop is Expected to Be Accretive to Etsy's Top Line Growth Rate and Modestly Dilutive to Etsy's Adjusted EBITDA Margin.
Etsy Inc - Etsy Expects to Share More Information in Conjunction With Its Q2 2021 Financial Results.
Etsy Inc - Following Deal, Depop Will Continue to Be Headquartered in London, England.
Etsy Inc - Deal for $1.625 Billion Consisting Primarily of Cash, Subject to Some Adjustments for Depop's Working Capital, Expenses.
Etsy Inc - Depop Will Continue to Be Headquartered in London, England and Operate As a Standalone Co.
Etsy Inc - Following Deal, Depop to Operate As a Standalone Marketplace Run by Its Existing Leadership Team.