Etsy Shells Out $1.6B to Buy Depop—and to Reach Gen Z



Online marketplace Etsy announced its intent to acquire London-based fashion marketplace Depop–a favorite among Gen Z consumers–for $1.625 billion. The deal is expected to close in the third quarter. Top line According to a press release, Depop will remain in London and operate as a standalone marketplace run by its existing leadership team. The ten-year-old…



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