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OfferUp and letgo Combine US Marketplaces to Deliver A Better Buying and Selling Experience For More Than 20 Million Monthly Users

Mar 25, 2020 - PR Newswire
Board and Executive Moves-Mergers and Acquisitions

PR Newswire

OfferUp and letgo, two of America's most popular apps to buy and sell locally, have announced their intention to combine their US businesses. OLX Group - the classifieds business of Prosus and letgo's majority investor - will own 40% of the combined entity.  

The combination will create a leading mobile marketplace supporting more than 20 million monthly active users, with complementary product capabilities and a national footprint across the United States. The a...