Etsy Inc. said Monday that it will acquire Reverb Holdings Inc., a seller of new, used and vintage music gear, for $275 million in cash. Reverb will operate as a standalone company when the deal closes. Reverb was founded in Chicago in 2013, and its sellers are individuals, brick-and-mortar retailers, dealers and artists. The deal is expected to close in the late third quarter or early fourth quarter of 2019. Etsy stock has inched up 0.7% in premarket trading, and has rallied more than 50% over the last year. The S&P 500 index is up 6.2% for the period.
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