DivestmentJul 30, 2026, 04:14 PM
Etsy Completes Depop Sale to eBay for $1.4 Billion
AI Summary
Etsy, Inc. announced the completion of the sale of its wholly-owned subsidiary, Depop Limited, to eBay Inc. for approximately $1.4 billion in cash. The transaction, finalized on July 30, 2026, includes a $1.2 billion purchase price plus $200 million in net purchase price adjustments and interest. Etsy plans to utilize the net cash proceeds for general corporate purposes, including accelerating its share repurchase program, and amended its credit agreement to facilitate the sale.
Key Highlights
- Etsy completed the sale of Depop to eBay Inc. on July 30, 2026.
- Aggregate consideration received was approximately $1.4 billion in cash.
- Consideration includes $1.2 billion purchase price plus $200 million in adjustments and interest.
- Net cash proceeds are subject to certain post-closing adjustments.
- Etsy plans to use proceeds for general corporate purposes and accelerated share repurchases.
- Credit agreement amended to permit the disposition of Depop shares.
- Unaudited pro forma financial information giving effect to the transaction was filed.
Price Impact
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