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Etsy acquires resale apparel marketplace Depop

Etsy Inc. plans to acquire Depop, a marketplace for secondhand apparel and accessories, for $1.63 billion as it seeks to attract more younger consumers. The acquisition is expected to complete in the third quarter, Etsy says. Launched in 2011, Depop is a shopping app to buy and sell used apparel. Approximately 90% of Depop’s active […]

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