In order to focus on its core marketplace, Etsy is selling apparel resale site Depop to eBay for $1.2 billion in cash. Etsy ...

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Depop, the second-hand clothing app that has skyrocketed in popularity among Gen Z shoppers, is being sold to eBay for $1.2bn ...

The re-commerce space is of growing interest in the market and eBay looks like it's got a good deal with its Etsy purchase.

EBay agreed to buy Depop from Etsy for $1.2 billion. EBay shares rose 8.4% to $89 while Etsy's stock gained 16% to $51. Write to Katherine Hamilton at katherine.hamilton@wsj.com ...

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