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
UK regulator opens formal probe into eBay’s $1.2 billion Depop deal
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.
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