---
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"
generated_at: "2026-05-16T01:58:43.286287+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001370637-26-000012
- JSON: https://secwatch.observer/filing/0001370637-26-000012.json
- Plain text: https://secwatch.observer/filing/0001370637-26-000012.txt

## Key facts
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1370637/000137063726000012/0001370637-26-000012-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.