Etsy Inc

+6.95 (+3.44%)
4:53:36 PM EDT: $208.39 -0.41 (-0.20%)
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.