UK Clears eBay's $1.2B Depop Buy; Baird Lifts Target to $125
EBAY sits 49% above its 52-week low of $75.775.
Summary
eBay received UK CMA approval for its $1.2 billion cash acquisition of Depop, removing a key regulatory hurdle. Depop had 7 million active buyers and 3 million active sellers as of December 2025, with a young user base. This follows the February 2026 announcement of the deal and the ongoing GameStop takeover saga. Separately, Baird raised its price target to $125 from $117, aligning with the GameStop offer price. The approval solidifies eBay's push into social commerce, though the GameStop bid remains the dominant narrative.
At the time of this announcement, EBAY was trading at $113.04 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $50.1B. The 52-week trading range was $75.78 to $119.31. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.