secwatch.observer — SEC 8-K summary
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Issuer:     ETSY INC (ETSY)
CIK:        0001370637
Form:       8-K
Filed at:   2026-02-18T23:59:59+00:00
Accession:  0001370637-26-000012
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1370637/000137063726000012/0001370637-26-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1370637/000137063726000012/etsy-20260215.htm
  HTML page:      https://secwatch.observer/filing/0001370637-26-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer