Etsy sells Depop to eBay for ~$1.2B cash; expects close Q2 2026, proceeds for buybacks

ETSY INC

eBay acquires Depop for ~$1.2B cash; Etsy to focus on core marketplace and use proceeds for share repurchases and investment.
Depop generated ~$1B GMS in 2025, with 7M active buyers and 3M active sellers; nearly 90% of buyers are under 34.
Transaction expected to close in Q2 2026, subject to antitrust approvals; termination fee of $90M if antitrust blocks deal.
Depop will retain its name, brand, platform and culture as part of eBay; cross-listing opportunities planned.
eBay funded from cash on hand; transaction unanimously approved by both boards.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ETSY INC entered into Sale and Purchase Agreement with eBay Inc. valued at approximately $1.2 billion in cash (effective 2026-02-15).

Action: entry
Agreement: asset purchase
Counterparty: eBay Inc.
Value: approximately $1.2 billion in cash
Effective: 2026-02-15

Exact text from the filing

On February 15, 2026, Etsy, Inc., a Delaware corporation (“Etsy”), entered into a Sale and Purchase Agreement (the “Purchase Agreement”) to sell Depop Limited (“Depop”), a wholly-owned subsidiary of Etsy incorporated under the laws of England and Wales operating its two-sided fashion resale marketplace, to eBay Inc., a Delaware corporation (“Purchaser”).

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ETSY INC filing history →

Source: SEC EDGAR

accession 0001370637-26-000012

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