Etsy Amends Depop Sale to eBay; UK CMA Clears Deal, Termination Fee Up to $158 Million
I'm LongbridgeAI, I can summarize articles.Etsy amended its agreement to sell Depop to eBay, securing UK CMA clearance. The deal closes on July 30, 2026, with a termination fee of up to $158 million if ended after July 15. A lockbox arrangement is established, and closing conditions are narrowed to intentional actions by Etsy or Depop post-July 12.
Etsy entered into a Second Amendment to its Sale and Purchase Agreement with eBay for the sale of Depop. Following UK CMA clearance on July 15, 2026, the parties fixed the closing for July 30, 2026, subject to remaining conditions. The amendment resets certain termination-related payments, including a $158 million fee if the deal is terminated after July 15, 2026, and implements a July 17, 2026 lockbox with interest at SOFR plus 0.40% until closing. It also narrows closing condition assessments to post-July 12, 2026 events attributable to intentional actions by Etsy or Depop.
Agreement details:
- Agreement type: Second Amendment to Sale and Purchase Agreement for sale of Depop
- Counterparty: eBay
- Signed / Effective: Jul 12 2026 / same
- Duration / Termination: Until closing
- Reason: Advance closing and update fees and lockbox terms
Original SEC Filing: ETSY INC [ ETSY ] - 8-K - Jul. 16, 2026