Nice-To The Moon - Tiger Brokers Online Investing Community

Like
Comment
Favorite

Shant
2021-06-29

Nice

Etsy acquires Brazilian online marketplace Elo7 for $217 million

(Reuters) - E-commerce company Etsy Inc said on Monday it had acquired Elo7 — a Brazilian online mar

Etsy acquires Brazilian online marketplace Elo7 for $217 million

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

Top
Latest

No comments yet

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":150402601,"tweetId":"150402601","gmtCreate":1624923612103,"gmtModify":1703847863556,"author":{"id":3577517097493032,"authorId":3577517097493032,"authorIdStr":"3577517097493032","name":"Shant","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[],"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Nice&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>Nice&nbsp;</p></body></html>","text":"Nice","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/150402601","repostId":2147983031,"repostType":4,"repost":{"id":"2147983031","pubTimestamp":1624921927,"share":"https://www.laohu8.com/m/news/2147983031?lang=&edition=full","pubTime":"2021-06-29 07:12","market":"us","language":"en","title":"Etsy acquires Brazilian online marketplace Elo7 for $217 million","url":"https://stock-news.laohu8.com/highlight/detail?id=2147983031","media":"Reuters","summary":"(Reuters) - E-commerce company Etsy Inc said on Monday it had acquired Elo7 — a Brazilian online mar","content":"<p>(Reuters) - E-commerce company Etsy Inc said on Monday it had acquired Elo7 — a Brazilian online marketplace specializing in made-to-order products — in a $217 million cash transaction in a first move to expand into Latin America.</p>\n<p>The move comes just weeks after Etsy’s acquisition of Depop, a website for buying and selling second-hand clothing popular among Gen Z consumers. Like Depop and Reverb, a music marketplace purchased by Etsy in 2019, Elo7 will continue to be run by its existing leadership as an independent marketplace once the deal is finalized. The companies expect that to happen by the third quarter.</p>\n<p>“Elo7 is the ‘Etsy of Brazil,’ with a purpose and business model similar to our own,” Etsy’s chief executive, Josh Silverman, said in a news release. “This transaction will establish a foothold for us in Latin America, an underpenetrated e-commerce region where Etsy currently does not have a meaningful customer base.”</p>\n<p>Both websites connect buyers and sellers interested in homemade items including accessories, toys and clothing. Founded in 2008, Elo7 has 56,000 active vendors selling to over 1.9 million buyers in Brazil.</p>\n<p>The country has the largest e-commerce market in Latin America based on user numbers according to JP Morgan LLC, which served as exclusive financial adviser to Etsy for the Elo7 purchase.</p>\n<p>Shares of Etsy Inc rose 5.4% after the announcement.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Etsy acquires Brazilian online marketplace Elo7 for $217 million</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEtsy acquires Brazilian online marketplace Elo7 for $217 million\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 07:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/etsy-acquires-brazilian-online-marketplace-222107380.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - E-commerce company Etsy Inc said on Monday it had acquired Elo7 — a Brazilian online marketplace specializing in made-to-order products — in a $217 million cash transaction in a first move...</p>\n\n<a href=\"https://finance.yahoo.com/news/etsy-acquires-brazilian-online-marketplace-222107380.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/etsy-acquires-brazilian-online-marketplace-222107380.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2147983031","content_text":"(Reuters) - E-commerce company Etsy Inc said on Monday it had acquired Elo7 — a Brazilian online marketplace specializing in made-to-order products — in a $217 million cash transaction in a first move to expand into Latin America.\nThe move comes just weeks after Etsy’s acquisition of Depop, a website for buying and selling second-hand clothing popular among Gen Z consumers. Like Depop and Reverb, a music marketplace purchased by Etsy in 2019, Elo7 will continue to be run by its existing leadership as an independent marketplace once the deal is finalized. The companies expect that to happen by the third quarter.\n“Elo7 is the ‘Etsy of Brazil,’ with a purpose and business model similar to our own,” Etsy’s chief executive, Josh Silverman, said in a news release. “This transaction will establish a foothold for us in Latin America, an underpenetrated e-commerce region where Etsy currently does not have a meaningful customer base.”\nBoth websites connect buyers and sellers interested in homemade items including accessories, toys and clothing. Founded in 2008, Elo7 has 56,000 active vendors selling to over 1.9 million buyers in Brazil.\nThe country has the largest e-commerce market in Latin America based on user numbers according to JP Morgan LLC, which served as exclusive financial adviser to Etsy for the Elo7 purchase.\nShares of Etsy Inc rose 5.4% after the announcement.","news_type":1},"isVote":1,"tweetType":1,"viewCount":130,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}