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Etsy Buys Depop for $1.6 Billion

The marketplace for handmade and vintage goods has acquired the second hand fashion app known for its traction with Generation Z in a deal expected to close in the third quarter of this year.
Second hand fashion app Depop. Courtesy.
Second hand fashion app Depop. Courtesy.

Online marketplace Etsy has announced plans to acquire Depop, the Gen-Z favourite second hand fashion app, for $1.6 billion in a deal expected to close in the third quarter of 2021.

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