Second-Hand Clothing Store Sold for $1.2 Billion 0 10

The deal comes against the backdrop of a growing second-hand goods market, which attracts buyers with lower prices and the opportunity to choose unique items, as well as aligns with the trend of reducing waste.

eBay CEO Jamie Iannone stated that the acquisition will allow the company to strengthen its position among younger audiences. "We are confident that as part of eBay, Depop will be in an even better position for long-term growth, benefiting from our scale, complementary offerings, and operational capabilities," he said.

As of December 31, 2025, Depop had 7 million active buyers, nearly 90% of whom are under 34 years old, and over 3 million active sellers. The platform was founded in 2011 and was acquired by Etsy five years ago for $1.6 billion.

Etsy intends to use the proceeds for corporate purposes, including stock buybacks and the development of its core marketplace. The transaction, approved by the boards of directors of both companies, is expected to close in the second quarter of 2026.

Depop will retain its brand, platform, and corporate culture, the companies noted.