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Etsy, Inc. (NASDAQ:ETSY) will acquire online used and vintage musical instruments platform Reverb Holdings, Inc. for $275 million in cash.
Reverb will operate as a standalone business when the deal closes. The company was founded in Chicago in 2013 on the principle that buying musical instruments should be easy and affordable.
Etsy shares are trading up 0.61% at $66.25 in Monday’s pre-market session. The stock has a 52-week high of $73.34 and a 52-week low of $38.92 cents.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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