Etsy, Inc. entered into a Second Amendment to the Sale and Purchase Agreement with eBay Inc. regarding the sale of its wholly-owned subsidiary, Depop Limited, to eBay. Following the UK Competition and Markets Authority clearance, the parties expect the following to occur: the transaction closing on July 30, 2026, or the second business day after all closing conditions are met. The amendment also resets the termination fees to $68 million if terminated between June 30 and July 15, 2026, and $158 million if terminated after July 15, 2026. Etsy, Inc. operates in the e-commerce industry and provides an online marketplace for unique and creative goods.
