Etsy Acquires Musical Instrument Marketplace Reverb For $275 Million


Sign in to view read count
Reverb has a sign a deal to be acquired by Etsy for $275 million. The cash deal for the new and used musical instrument marketplace is expected to be finalized in the third or early fourth quarter of the year.

“Reverb will remain a standalone business," says Reverb founder and CEO David Kalt, “but with the added support of Etsy—the global online marketplace for handmade and vintage items, with millions of buyers and sellers from nearly every country in the world."

Reverb was founded in Chicago in 2013, and its sellers include individuals, brick-and-mortar retailers, dealers and musicians. Etsy is an e-commerce website focused on handmade and vintage items. 

Etsy stock has inched up 1.09% in early trading and is up over 50% in the last year.

Continue Reading...

This story appears courtesy of HypeBot.
Copyright © 2021. All rights reserved.

Post a comment


Jazz News


All About Jazz needs your support

All About Jazz & Jazz Near You were built to promote jazz music: both recorded albums and live events. We rely primarily on venues, festivals and musicians to promote their events through our platform. With club closures, limited reopenings and an uncertain future, we've pivoted our platform to collect, promote and broadcast livestream concerts to support our jazz musician friends. This is a significant but neccesary step that will help musicians and venues now, and in the future. You can help offset the cost of this essential undertaking by making a donation today. In return, we'll deliver an ad-free experience (which includes hiding the sticky footer ad). Thank you!

Get more of a good thing

Our weekly newsletter highlights our top stories and includes your local jazz events calendar.