AcquisitionsJul 16, 2026, 08:37 AM
Etsy's Depop Acquisition by eBay Cleared by UK CMA; Closes July 30
AI Summary
Etsy Inc. announced a Second Amendment to its Sale and Purchase Agreement with eBay Inc. for the acquisition of Depop Limited, a wholly-owned subsidiary of Etsy. The Competition and Markets Authority of the United Kingdom (CMA) cleared the transaction on July 15, 2026, and the parties now expect the closing to occur on July 30, 2026. The amendment also adjusted termination fees and set a Lockbox Date of July 17, 2026, for purchase price adjustments, with eBay paying interest from this date.
Key Highlights
- UK CMA cleared eBay Inc.'s acquisition of Depop from Etsy on July 15, 2026.
- Transaction is now expected to close on July 30, 2026.
- Second Amendment to Sale and Purchase Agreement signed on July 12, 2026.
- Termination fee reset to $68 million if terminated between June 30 and July 15, 2026.
- Termination fee reset to $158 million if terminated after July 15, 2026.
- Purchase price adjustment items will be measured from Lockbox Date of July 17, 2026.
- Purchaser will pay interest on the purchase price from Lockbox Date to Closing Date.
Price Impact
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