Winston & Strawn advised Reverb Holdings, Inc.
Etsy, Inc. (NASDAQ: ETSY) has completed its acquisition of Reverb Holdings, Inc., a privately held marketplace for new, used and vintage music gear for $275 million in cash, subject to certain adjustments with respect to cash, debt, working capital, transaction expenses and the value of equity awards granted in connection with the transaction.
Reverb will continue to operate as a standalone business. There are a number of similarities between Etsy and Reverb’s businesses, such as the focus on improving search and discovery, making selling and buying easier, and growing their global brands and communities. The two companies will share knowledge and best practices, and Etsy plans to leverage its marketplace expertise to help Reverb further scale and grow.
Etsy, Inc. is the global marketplace for unique and creative goods. Etsy was founded in 2005 and is headquartered in Brooklyn, New York.
Reverb is a leading online marketplace dedicated to buying and selling new, used, and vintage musical instruments. Since launching in 2013.
Winston & Strawn advised Reverb Holdings, Inc. with a team including Rick Ginsberg (Picture), Jason Osborn, Winston Gu, Jorgen Rehn and Kristin Wickler.
Law Firms: Winston & Strawn;
Clients: Reverb Holdings, Inc.;