eBay expands fashion resale with $1.2B Depop deal from Etsy

eBay will acquire Depop from Etsy for about $1.2 billion in cash, adding a leading Gen Z/Millennial-friendly C2C fashion marketplace to expand its resale and recommerce offerings. Etsy will focus on its core marketplace, Depop will keep its brand post-closing, and the transaction is expected to close in Q2 2026 pending regulatory approvals. The deal leverages eBay’s scale and services to accelerate Depop’s growth.