Etsy Acquires Reverb Holdings for $275,000,000

Company Information

Company
Reverb Holdings

Website

http://www.reverb.com

Location
3345 N Lincoln Ave. Chicago, IL 60657

Description
Our mission is to make the buying and selling of vintage and used instruments fun, affordable, easy, and reliable. We strive to build a marketplace that empowers musicians to maximize the value of their gear. Get more money when you sell gear, and pay less when you buy gear. It’s that simple.

Transaction Details

  • Date – 7/22/2019
  • Transaction Type – M&A
  • Transaction Amount – $275,000,000
  • Transaction Round
  • M&A Terms – Reverb, which will operate as a standalone business when the deal closes, will enable Etsy to expand into a new vertical, with a similar strategy and business model.