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  • eBay snaps up second-hand fashion app Depop in $1.2bn deal

    Retail

    Online seller eBay has struck a deal to purchase online fashion marketplace Depop for $1.2bn (£890m).  The cash deal, expected to be completed by the middle of this year, comes just five years after the second-hand clothing app was acquired by craft marketplace Etsy for $1.6bn (£1.18bn).  Peter Semple, Depop’s chief executive, hailed the sale [...]

    eBay logo on a sleek, modern office wall, symbolizing the companys continued impact in online marketplaces

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