Etsy, Inc. (NASDAQ: ETSY), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, has signed a definitive agreement to acquire Depop, a privately-held, community-led, and purpose-driven marketplace for unique fashion for $1.625 billion consisting primarily of cash, subject to certain adjustments for Depop’s working capital, transaction expenses, cash and indebtedness, and certain deferred and unvested equity for Depop management and employees. Continue reading
Buyer demand and healthy housing-market dynamics will prevent U.S. home prices from dropping more than 2-3% — or more than 1.7% year over year — in the wake of the coronavirus, according to a forecast released today by Zillow®. Read more
South Africa’s tax agency on Monday accused KPMG of “unethical” and “unlawful” behaviour and said it plans to take legal action against the global auditor. It relates to a report carried out by the firm that suggested the former finance minister ran a rogue unit to spy on political leaders – as Kate King explains. Continue reading
NEW YORK, NEW YORK, UNITED STATES (SEPTEMBER 8, 2017) (REUTERS) – The impact of a security breach at Equifax Inc that may have compromised personal information for 143 million American consumers could be felt for a long time to come, cybersecurity expert Ryan Kalember told Reuters on Friday (September 8). Continue reading
(Reuters Business Report) – If nerves weren’t shredded before, they surely will be soon?
Chinese authorities now investigating what, or who, might be behind the recent market mayhem.