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Etsy to buy Gen-Z focused fashion marketplace Depop for $1.63 billion

June 2 (Reuters) - Etsy Inc said on Wednesday it would acquire Depop, a privately-held fashion marketplace, for $1.63 billion, as the online seller looks to attract Gen-Z consumers.

The deal is expected to close during the third quarter of 2021. (Reporting by Nivedita Balu in Bengaluru; Editing by Vinay Dwivedi)

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