NEW YORK (AP) — Online seller eBay wants a bigger share of the Gen Z market.
The online seller has agreed to purchase secondhand fashion marketplace Depop from Etsy for about $1.2 billion in cash, the companies said Wednesday.
The deal comes at a time when used clothing has become increasingly popular, sought out by shoppers searching for unique items that cost less than new ones and keep the old stuff from heading to the landfill.
In a statement, eBay's CEO Jamie Ianonne said that the acquisition is an opportunity to capture a younger demographic.
"We are confident that as part of eBay, Depop will be even more well-positioned for long-term growth, benefiting from our scale, complementary offerings, and operational capabilities,” Ianonne said.
As of Dec. 31, 2025, Depop's marketplace had 7 million active buyers, nearly 90% of which are under the age of 34, and more than 3 million active sellers, the joint release said.
The deal comes five years after Etsy bought Depop for $1.6 billion. The app was founded in 2011.
EBay, based in San Jose, California, said it intends to pay cash. Etsy, based in Brooklyn, New York, plans to utilize the proceeds for general corporate purposes, continued share repurchases and investment in its core marketplace, according to the release.
The transaction, which has been unanimously approved by eBay’s and Etsy’s boards, is currently expected to close in the second quarter, the companies said.
Depop is expected to retain its name, brand, platform, and its culture, the companies said.
EBay's shares rose more than 7%, while Etsy's share soared close to 15% in after-hours trading when the news was announced.
FILE - An Ebay app logo is shown on a mobile phone, July 11, 2019, in Miami. (AP Photo/Wilfredo Lee, File)
COLOMBO, Sri Lanka (AP) — Sahibzada Farhan hit his first century in the format and Usman Tariq confused Namibia with mystery spin as Pakistan secured a Super 8 spot at cricket's Twenty20 World Cup with a 102-run win on Wednesday.
Elsewhere, defending champions India beat the Netherlands by 17 runs to finish unbeaten in Group A, while South Africa chased down a victory target of 123 with 40 balls to spare against the United Arab Emirates to remain undefeated in Group D.
In Colombo, Pakistan opening batter Farhan made 100 not out off 58 balls with four sixes and 11 boundaries. Captain Salman Ali Agha hit 38 while Farhan and Shadab Khan (36 not out) carried Pakistan to 199-3 against Namibia in Group A.
Tariq, who has a distinctive pause-and-bowl action, then took 4-16 and Khan took 3-19 as Namibia was dismissed for 97 in 17.3 overs, its fourth straight loss in the group.
Pakistan needed a win at Sinhalese Sports Club to end any hope for the United States and Farhan’s blazing century provided the 2009 champions with a strong total.
Farhan's second 50 came off just 20 balls. Khan provided a late flurry, smashing three sixes.
Namibia opener Louren Steenkamp top-scored in the chase with a 22-ball 23 and Alexander Busing-Volschenk (20) was the other batter to reach double figures as Pakistan's spinners struck at regular intervals.
Tariq bowled a double-wicket maiden over and baffled the middle order with his sharp googlies and carrom balls as Namibia lost six wickets for just 18 runs after collapsing from 79-4.
In Ahmedabad, India, Shivam Dube hit 66 off 31 balls to help India recover from 69-3 to reach 193-6 before the Netherlands replied with 176-7. India, which had already qualified for the Super 8s, stretched its winning record to 12 games in T20 World Cups since 2024.
Abhishek Sharma fell for a third straight duck in the competition, bowled by Aryan Dutt in the first over.
Dube hit six sixes, using the slower pace of the Dutch bowlers to his advantage, and raced to 50 off 25 balls.
Hardik Pandya scored 30 off 21 deliveries as the pair added 76 off 35 balls.
The Netherlands was never likely to reach its target. Bas de Leede made 33 and opener Michael Levitt hit 24.
Mystery leg-spinner Varun Chakravarthy picked up 3-14 in three overs while Dube starred with the ball as well, taking 2-35 in three overs.
In New Delhi, South Africa restricted the UAE to 122-6 with Corbin Bosch returning 3-12 from four overs and fellow paceman Anrich Nortje claiming 2-28.
The South Africans raced to 123-4 in 13.2 overs, taking the last seven runs in singles after their fourth wicket fell.
Rain showers delayed the start of South Africa’s reply and the first over netted just one run.
But the Proteas powered toward victory by adding 13 runs off the second over and 18 from the third until Haider Ali bowled skipper Aiden Markram for 28 from 11 balls.
Dewald Brevis made 36 before he was out within two scoring shots of victory, and Ryan Rickelton hit 30 as the 2024 runner-up dominated the bowling.
For the UAE, Alishan Sharafu compiled 45 from 38 deliveries before he was caught in the outfield off Nortje’s bowling in the 18th over.
It was South Africa’s fourth consecutive win in the tournament, including a double-tiebreaker victory over 2024 semifinalist Afghanistan that required two Super Overs.
The Proteas finished top of the group which also saw New Zealand qualify, and will take on India, West Indies and Zimbabwe in Group 1 of the Super 8s.
New Zealand, England, Pakistan and Sri Lanka are in Group 2.
AP cricket: https://apnews.com/hub/cricket
Afghanistan's Ibrahim Zardan plays a shot during the T20 World Cup cricket match between Afghanistan and United Arab Emirates in New Delhi, India, Monday, Feb. 16, 2026. (AP Photo/Manish Swarup)
India's Shivam Dube plays a shot during the T20 World Cup cricket match between India and Netherlands in Ahmedabad, India, Wednesday, Feb. 18, 2026. (AP Photo/Ajit Solanki)
Pakistan's Usman Tariq, right , celebrates with captain Salman Ali Agha, centre, the wicket of Namibia's Ruben Trumpelmann during the T20 World Cup cricket match between Namibia and Pakistan in Colombo, Sri Lanka, Wednesday, Feb. 18, 2026. (AP Photo/Eranga Jayawardena)
Pakistan's Sahibzada Farhan plays a shot during the T20 World Cup cricket match between Namibia and Pakistan in Colombo, Sri Lanka, Wednesday, Feb. 18, 2026. (AP Photo/Eranga Jayawardena)
Pakistan's Sahibzada Farhan celebrates his century during the T20 World Cup cricket match between Namibia and Pakistan in Colombo, Sri Lanka, Wednesday, Feb. 18, 2026. (AP Photo/Eranga Jayawardena)
United Arab Emirates' Haider Ali, centre, celebrates the wicket of during the T20 World Cup cricket match between South Africa and United Arab Emirates in New Delhi, India, Wednesday, Feb. 18, 2026. (AP Photo/Manish Swarup)
South Africa's Quinton de Kock and Ryan Rickelton celebrate during the T20 World Cup cricket match between South Africa and United Arab Emirates in New Delhi, India, Wednesday, Feb. 18, 2026. (AP Photo/Manish Swarup)
United Arab Emirates' Muhammad Arfan reacts after bowls a delivery during the T20 World Cup cricket match between South Africa and United Arab Emirates in New Delhi, India, Wednesday, Feb. 18, 2026. (AP Photo/Manish Swarup)
South Africa's Dewald Brevis hits a six during the T20 World Cup cricket match between South Africa and United Arab Emirates in New Delhi, India, Wednesday, Feb. 18, 2026. (AP Photo/Manish Swarup)
South Africa's Ryan Rickelton and South Africa's Dewald Brevis celebrate during the T20 World Cup cricket match between South Africa and United Arab Emirates in New Delhi, India, Wednesday, Feb. 18, 2026. (AP Photo/Manish Swarup)
South Africa's David Miller, left, and United Arab Emirates' captain Muhammad Waseem walk into the field before the start of their T20 World Cup cricket match between South Africa and United Arab Emirates in New Delhi, India, Wednesday, Feb. 18, 2026. (AP Photo/Manish Swarup)
South Africa team sing their national anthem at the start of the T20 World Cup cricket match between South Africa and United Arab Emirates in New Delhi, India, Wednesday, Feb. 18, 2026. (AP Photo/Manish Swarup)
