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