EBay Buys Fashion Marketplace Depop, Reports Robust Results

The eBay Inc. booth at the IFA Consumer Electronics and Home Appliances trade fair in Berlin.Photographer: Krisztian Bocsi/Bloomberg

EBay Inc. agreed to buy Depop for about $1.2 billion in an effort to attract younger shoppers and stand out in an increasingly cluttered e-commerce market.

EBay is acquiring the secondhand marketplace from Etsy Inc., which bought Depop in 2021 for $1.6 billion.