Almost six years after buying it for $275 million, Etsy is selling Reverb to an investor group founded by former SoundCloud CEO Kerry Trainor and Fender parent company Servco, Engadget reports.
In its announcement of the deal, Reverb says it will operate “as a standalone business” and that it’s making changes like making more music creation software available on its marketplace. It didn’t disclose how much money is changing hands in the deal.
[reverb.com]