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Etsy acquires Brazilian handmade goods marketplace Elo7

Etsy Inc. plans to acquire Elo7, a Brazil-based handcrafted goods marketplace, for $217 million. Etsy will expand its presence outside of the U.S. with this purchase—its second acquisition of an international marketplace within a month. Dubbed the “Etsy of Brazil,” Elo7 launched in 2008 as a marketplace for handmade and custom merchandise. The marketplace has […]

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