ETSY BUYS REVERB FOR PRICEY $275 MILLION….

IMAGE CREDIT: Reverb.com

By: Economic & Finance Report

Etsy has stated that it will be aquiring Reverb for $275 million. Reverb is the musical instruments online platform.

Reverb considered to be one of the world’s leading marketplaces for musicians; was created in 2012, in Chicago, IL. The platform is one of the leading musician websites, curated for musicians by musicians.

Etsy which is based in NYC, has recently been aquiring new media businesses but nothing of an aquisition in this caliber. With this acquisition new things shall arise in the music front. -SB

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