eBay announced the deal in February, intending to purchase Depop from Etsy to capture a larger share of Gen-Z shoppers. For Etsy, the divestment serves as a strategic pivot back to its core handmade and vintage marketplace. The CMA has set an August 6 deadline for its phase one investigation, at which point it must decide whether to approve the merger or trigger a more exhaustive inquiry. Neither eBay nor Etsy has provided comment on the ongoing regulatory scrutiny as the expected closing date approaches later this month.
Business
UR
Korp&Co visual
Business
UK regulator opens formal probe into eBay’s $1.2 billion Depop deal
Jun 8, 19:18 2,019 0
The Competition and Markets Authority has launched a formal review of eBay’s planned $1.2 billion acquisition of the fashion resale platform Depop. Having concluded its preliminary information-gathering phase, the UK regulator is now assessing whether the takeover will diminish competition within the British secondhand clothing market.
Comments (0)
No comments yet. Be the first!