Fenwick Represents Etsy in Agreement to Acquire Depop

Fenwick represented Etsy, Inc. (NASDAQ: ETSY), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, in its $1.625 billion definitive agreement to acquire Depop, a privately-held, community-led and purpose-driven marketplace for unique fashion.

The transaction is currently expected to close during the third quarter of 2021, subject to satisfaction of customary closing conditions, including antitrust review in the United States and the United Kingdom. More information can be obtained from the company’s announcement.

The Fenwick transaction team included corporate partners Ken Myers, Bomi Lee and Lynda Twomey and associate Óisín O’Callaghan; technology transactions partner Stephen Gillespie, associates Julia Arruda and Adine Mitrani and foreign attorney Ali Kongats; trademark partner Mark Jansen and associate Allyson Madrid; privacy and cybersecurity partner Jim Koenig, managing director Brent Hoard and manager Sarah Borchers; executive compensation and employee benefits partner Matthew Cantor and attorney Liza Morgan; and employment counsel Matthew Damm and associate Reanne Swafford-Harris.