CMA clears eBay’s $1.2bn takeover of Depop

eBay has moved a step closer to completing its $1.2bn acquisition of Depop after the UK competition watchdog gave the deal the green light.
The Competition and Markets Authority has cleared eBay’s proposed purchase of the fashion resale app from Etsy, following an initial investigation.
The CMA said it would not refer the acquisition for a more detailed phase two inquiry, removing a significant obstacle to the deal’s completion. The body had opened its formal review in June and invit