Etsy completes $1.4B sale of Depop to eBay, focusing on sustainable growth and share buybacks.

Etsy has finalized the sale of its fashion resale marketplace Depop to eBay for approximately $1.4 billion in cash. This transaction allows Etsy to focus exclusively on growing its core marketplace business and plans to use the proceeds to accelerate its share repurchase program. Etsy's CEO highlighted the strong outcome for shareholders and expressed confidence in Depop's future under eBay. The deal was completed after regulatory approvals and post-closing adjustments.