Mergers & Acquisitions
By The Online Investor Staff, updated Sat., Aug. 17, 10:31 AM
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Slide #2. Etsy, Inc. — Reverb Holdings, Inc
Acquirer:
Etsy, Inc. (NASDAQ:ETSY)
Acquiree:
Reverb Holdings, Inc
Details:
Etsy, Inc. (NASDAQ: ETSY), the global marketplace for unique and creative goods, has completed its acquisition of Reverb Holdings, Inc., a privately held marketplace for new, used and vintage music gear for $275 million in cash, subject to certain adjustments with respect to cash, debt, working capital, transaction expenses and the value of equity awards granted in connection with the transaction.
Etsy provides sellers a marketplace with buyers along with a range of seller tools and services that are specifically designed to help its creative entrepreneurs generate more sales and scale their businesses. Co.'s services include Promoted Listings, its on-site advertising service that allows sellers to pay for prominent placement of their listings in search results; Etsy Shipping Labels, which allows sellers in the U.S., Canada, U.K., and Australia to purchase discounted shipping labels; Pattern, a service that allows sellers to build custom websites; and Etsy Plus, a subscription offering.
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Avg. Broker Rec.
 
|
Buy (3.20 out of 4) 49th percentile
(ranked lower than approx. 51% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
