Etsy announced today it is acquiring Elo7, an online marketplace based in Brazil, for $217 million, subject to certain adjustments. Etsy CEO Josh Silverman said it will establish a foothold for Etsy in an underpenetrated ecommerce region. Elo7 was founded Read more
eBay sold its Classifieds business to Adevinta for $2.5 billion in cash and a 44% equity stake, but eBay will reduce its ownership to 33% (or less) over the next 18 months to resolve competition concerns raised by Austrian regulatory Read more
eBay entered into an agreement with Emart, which will acquire 80% of eBay’s businesses in Korea for $3 billion in gross cash proceeds. The deal puts the implied value of the whole Korean Business at approximately $3.8 billion. While eBay Read more
eBay knows what it’s like to encounter friction as a seller – though not on its own marketplace. eBay was initially thwarted in a $9.2 billion deal to sell its Classifieds unit to a company called Adevinta when UK regulators Read more
Etsy will acquire Depop for $1.625 billion in a primarily cash deal. Etsy described the company in its press release as a “privately-held, community-led, and purpose-driven marketplace for unique fashion” that was founded in 2011. Depop boasted 4 million active Read more
PayPal acquired a company called Happy Returns, which helps retailers manage their returns – or, as Happy Returns has described itself, “a leading provider of return and logistics solutions for retailers and their customers.” PayPal had invested in the company Read more
Online sellers are increasingly burdened with tax regulations at every jurisdictional level, at home and abroad. On Tuesday, payments platform Stripe announced it will acquire TaxJar to help online businesses deal with tax compliance. For readers who use TaxJar and Read more
eBay’s sale of its Classifieds Group to Adevinta hit a snag last month due to regulators in the UK. The two companies agreed this week to sell three of their UK units – Shpock, Gumtree (UK), and Motors.co.uk – in Read more
In February 2020, activist investor Starboard Value LP stepped up pressure on eBay to sell its classifieds unit. One year later, the sale of eBay Classifieds Group to Adevinta hit a snag due to regulators in the UK. eBay announced Read more
FedEx is acquiring ShopRunner in a move to expand its ecommerce capabilities. ShopRunner is a little bit like “Amazon Prime for the rest of us,” a membership program that offers free 2-day shipping, free returns, and other benefits when buying Read more
