Subsequent Events |
6 Months Ended |
---|---|
Jun. 30, 2021 | |
Subsequent Events [Abstract] | |
Subsequent Events | Note 11—Subsequent Events On July 2, 2021, the Company acquired Elo7 Serviços de Informática S.A. (“Elo7”), a privately held marketplace for unique, handmade items, for approximately $217 million subject to certain adjustments for Elo7’s working capital, transaction expenses, cash and indebtedness, and reduced by the value of certain equity awards of Etsy to be granted to Elo7 employees in connection with the transaction. On July 12, 2021, the Company acquired Depop Limited (“Depop”), an online global peer-to-peer fashion resale marketplace, for approximately $1.625 billion consisting primarily of cash and subject to certain adjustments for Depop's working capital, transaction expenses, cash and indebtedness, and certain deferred and unvested equity to be issued and granted to Depop management and employees in connection with the transaction. Given the timing of the completion of these acquisitions, the Company is unable to provide preliminary asset valuation and other required acquisition-related disclosures in this quarterly report on Form 10-Q. The Company plans to provide preliminary asset valuation and other required acquisition-related disclosures in its quarterly report on Form 10-Q for the quarter ending September 30, 2021.
|