Home / Business and Economy / UK Regulator Probes eBay's $1.2B Depop Acquisition
UK Regulator Probes eBay's $1.2B Depop Acquisition
8 Jun
Summary
- UK competition regulator has launched a probe.
- The investigation concerns eBay's $1.2 billion purchase of Depop.
- Etsy previously owned Depop, selling it to eBay.
A formal investigation has been launched by the UK's competition regulator concerning eBay's significant $1.2 billion acquisition of Depop. This digital marketplace, known for its focus on Gen Z consumers and fashion resale, was previously part of Etsy's portfolio.
The probe will examine the competitive implications of eBay's purchase. The deal was announced earlier this year, with Etsy aiming to refocus on its core handmade and vintage goods. The company has faced challenges with softening demand and intense competition from major online platforms.
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