Etsy Inc

NASDAQ:ETSY   3:59:59 PM EDT
159.30
-3.84 (-2.35%)
4:01:01 PM EDT: $159.20 -0.10 (-0.06%)
Other Pre-Announcement, Mergers / Acquisitions

Etsy To Acquire Elo7, Brazil-Based Marketplace For Unique, Handmade Items

Published: 06/28/2021 13:08 GMT
Etsy Inc (ETSY) - Etsy to Acquire Elo7, Brazil-based Marketplace for Unique, Handmade Items.
Etsy Inc - Deal for Us$217 Million in Cash.
Etsy Inc - Elo7 Will Continue to Be Headquartered in SĀo Paulo, Brazil and Operate As a Standalone Marketplace Run by Its Existing Leadership Team.
Etsy - in Near Term, Elo7's Current Run Rate for Gms & Revenue Expected to Be Neutral to Co's Top-line Results & Modestly Dilutive to Adjusted EBITDA Margin.