Etsy Snags Parisian Startup in Largest Acquisition Yet Etsy has scooped up 'A Little Market' -- a Paris-headquartered digital marketplace that also specializes in handmade crafts -- for a reported $100 million in cash and stock.

By Geoff Weiss

Opinions expressed by Entrepreneur contributors are their own.

Brooklyn-based Etsy is voyaging to the City of Lights.

Marking its biggest acquisition ever, Etsy announced today that it has purchased A Little Market -- a Paris-headquartered digital marketplace that also specializes in handmade crafts.

In a blog post announcing the acquisition, Etsy CEO Chad Dickerson didn't disclose terms of the deal -- though The Wall Street Journal pegged the purchase price at $100 million in cash and stock.

Related: Come August, Etsy Merchants Can Sell Directly to Retailers

"A Little Market will remain independent, led by founders Nicolas Cohen, Nicolas d'Audiffret and Loic Duvernay," Dickerson vowed, "and the buyer and seller experiences on both platforms will not change as a result of this acquisition."

The move demonstrates Etsy's push "to go deeper into local markets," Dickerson told the Journal. While the company does conduct business in France already, it is mostly between buyers and sellers of different countries. A Little Market, on the other hand, "has been focused on domestic growth among French sellers and buyers" -- an enticing community in terms of local penetration.

A Little Market is Etsy's sixth total acquisition, following its purchase of Grand St. -- another online marketplace where indie hardware makers vend their cutting-edge creations -- in April.

Related: From Google to Warby Parker: The Origins Behind 10 of the Wackiest Company Names

Geoff Weiss

Former Staff Writer

Geoff Weiss is a former staff writer at Entrepreneur.com.

Editor's Pick

Related Topics

Data & Recovery

Save $899 on This Guest Wi-Fi Solution That Offers You Plenty of Perks

Get marketing info while offering Wi-Fi to guests and customers with this tool, now $599.99 for life.

Business News

'No One Is Important:' Senior Executives at 'Sports Illustrated' Publishing House Are Out of a Job Following AI Article Controversy

The owner of the magazine's publisher, The Area Group, claims the shakeup was unrelated to the recent scandal.

Starting a Business

7 Lessons I Learned From Selling a 6-Figure Blogging Business

Here are a few critical lessons from my experience building and selling a successful blogging business.

Side Hustle

He Launched His Creative Side Hustle Out of a Garage. Now It's Worth $225 Million.

Tom Humble, CXO and founder of E.C.D. Automotive Design, followed his passion for custom auto design into big business.

Business News

Actors From 'Lord of the Rings,' 'Breaking Bad' and More Were Tricked Into Creating Anti-Ukraine Messages on Cameo

The Microsoft Threat Analysis Center reports that pro-Russian propagandists used the popular platform Cameo to make celebrity videos that appear to be attacking Ukrainian president Volodymyr Zelensky.

Science & Technology

LITT Is Combining VR with Social Media, Fintech, and Ecommerce to Transform How We Interact with the World

It's and all-encompassing platform that aims to chart the future of digital interaction.