{"schema_version":"secwatch.filing_event.v1","accession":"0001370637-26-000012","form_type":"8-K","ticker":"ETSY","cik":"0001370637","company_name":"ETSY INC","filed_at":"2026-02-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.930077+00:00","generated_at":"2026-05-16T01:58:43.286287+00:00","sec_items":["1.01","2.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Etsy sells Depop to eBay for ~$1.2B cash; expects close Q2 2026, proceeds for buybacks","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001370637-26-000012","json":"https://secwatch.observer/filing/0001370637-26-000012.json","markdown":"https://secwatch.observer/filing/0001370637-26-000012.md","text":"https://secwatch.observer/filing/0001370637-26-000012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1370637/000137063726000012/0001370637-26-000012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1370637/000137063726000012/etsy-20260215.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T01:58:43.286287+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b43dc584fa3e88a953320fbe4a6fd588fb718fbe","claim":"ETSY INC entered into Sale and Purchase Agreement with eBay Inc. valued at approximately $1.2 billion in cash (effective 2026-02-15).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1370637/000137063726000012/0001370637-26-000012-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"eBay Inc."},{"label":"Value","value":"approximately $1.2 billion in cash"},{"label":"Effective","value":"2026-02-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}