eBay to Acquire Norwegian Resale Platform Tise
OSLO, Norway – eBay has agreed to acquire Tise, a leading resale platform in Norway, bolstering its presence in the fast-growing secondhand market. The acquisition,expected to finalize by year-end,will integrate Tise’s customer-to-customer technology into eBay’s existing marketplace adn provide Tise access to eBay’s global customer service infrastructure.
Ebay first invested in Tise in 2022, participating in a NOK 200 million (approximately $18.7 million USD) share issue that valued the Norwegian company at NOK 857 million (approximately $80.4 million USD). That funding round also included investments from Bring Ventures and freshly snow climate investments. This full acquisition signals eBay’s commitment to expanding its offerings in the resale space, capitalizing on increasing consumer demand for enduring and affordable shopping options.
Tise, fronted by co-owner Jenny Skavlan, has become a popular platform for buying and selling used clothing and other items in Norway. The deal is anticipated to enhance eBay’s customer-to-customer capabilities while providing Tise with the resources to scale its operations and reach a wider audience.
