EBay to Acquire Depop for $1.2 Billion

EBay Inc. has agreed to acquire Depop — a consumer-to-consumer fashion marketplace with re-commerce roots and a Gen Z and Millennial customer base — for approximately $1.2 billion in cash. The agreement, reached with Etsy Inc., which owns Depop, was announced Wednesday and is subject to certain purchase price adjustments. More from WWD Depop is a mobile-first, community-powered fashion marketplace for secondhand fashion with annual gross merchandise volume of approximately $1 billion last year. The comp ...