Add-on Acquisition • Internet Software and Services

OfferUp Acquires letgo

On March 26, 2020, OfferUp acquired internet software and services company letgo

Acquisition Context

This is OfferUp’s 1st transaction in the Internet Software and Services sector.
This is OfferUp’s 1st transaction in the United States.
This is OfferUp’s 1st transaction in Delaware.

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M&A Deal Summary
Date	March 26, 2020
Target	letgo
Sector	Internet Software and Services
Buyer(s)	OfferUp
Deal Type	Add-on Acquisition

Target Company

letgo

Wilmington, Delaware, United States

Ambatana Holdings BV is an online mobile marketplace for secondhand goods. Ambatana Holdings was founded in 2015 and is based in Wilmington, Delaware.

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Buyer Overview 1

Buyer

OfferUp

Bellevue, Washington, United States

Category	Company
Founded	2011
Sector	Internet Software and Services

DESCRIPTION

OfferUp is a mobile marketplace for local buyers and sellers in the country. The company offers free iOS and Android apps that make selling an item as easy as snapping a picture from your mobile device. OfferUp was founded in 2011 and is based in Bellevue, Washington.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Internet Software and Services	1 of 1
Type: Add-on Acquisition	1 of 1
State: Delaware	1 of 1
Country: United States	1 of 1
Year: 2020	1 of 1

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