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Etsy's sale of Reverb aims to reduce debt and refocus on core business, potentially aiding its return to growth despite recent stock declines. The company’s low exposure to tariffs and unique ...
By Elizabeth Dilts Marshall Etsy has agreed to sell Reverb, an online marketplace for musical instruments and equipment, to Creator Partners, an investment firm founded by a former SoundCloud CEO ...
Additionally, Etsy announced that it was selling the musical instrument marketplace Reverb, which it acquired in 2019, taking ...
Etsy is selling Reverb, six years after it purchased the online marketplace for musical instruments. Reverb didn't say how much money is changing hands, but Etsy purchased the company for $275 ...
The goal? Give Reverb the freedom to grow on its own again, while Etsy streamlines focus on its main marketplace and Gen Z darling Depop. The deal is expected to close in the next few weeks.
(NASDAQ:ETSY), the global online marketplace specializing in handmade and vintage items, announced on Monday it has entered into an agreement to sell its subsidiary Reverb Holdings, Inc., a ...
Reverb has been sold by Etsy to two new investors in a deal that makes the online gear and instrument marketplace a privately held and independently operated company for the first time since 2019.
Etsy's struggles continued in Q1 as gross merchandise sales declined. The e-commerce platform said it would sell Reverb for a loss. Etsy's chances at a turnaround appear to be narrowing.
Etsy (NASDAQ:ETSY) disclosed in an SEC filing on Tuesday that it entered into an agreement to sell its Reverb Holdings property to Reverb IntermediateCo LLC, a Delaware limited liability company ...
Etsy will sell Reverb Holdings, its musical instrument marketplace, to a subsidiary owned by Reverb Partners, according to a Monday filing with the U.S. Securities and Exchange Commission.
Financial details of the deal were not disclosed, but Etsy did note in the filing that “the acquirors share Reverb’s experience in the music industry and focus on supporting musicians,” adding that ...
Almost six years after buying it for $275 million, Etsy is selling Reverb to an investor group founded by former SoundCloud CEO Kerry Trainor and Fender parent company Servco, Engadget reports.