Online seller eBay to buy secondhand fashion marketplace Depop from Etsy for $1.2B in cash

NEW YORK (AP) — Online seller eBay wants a bigger share of the Gen Z market. The online seller has agreed to purchase secondhand fashion marketplace Depop from Etsy for about $1.2 billion in cash, the companies said Wednesday. The deal comes at a time when used clothing has become increasingly popular, sought out by shoppers searching for unique items that cost less than new ones and keep the old stuff from heading to the landfill. In a statement, eBay's CEO Jamie Ianonne said that the acquisition is a ...