eBay to acquire social marketplace platform Tise

eBay, the e-commerce giant, has announced plans to acquire Tise, a social marketplace platform. The acquisition is seen as eBay's effort to modernize its platform and appeal to a younger demographic. Tise is a social-focused marketplace that specializes in the sale of second-hand and sustainable products. By acquiring Tise, eBay aims to expand its social commerce capabilities and strengthen its presence in the growing sustainable retail market. The move is part of eBay's strategy to stay competitive in the rapidly evolving e-commerce landscape. By integrating Tise's social features and sustainable product offerings, eBay hopes to attract a new generation of shoppers and enhance its overall user experience. The financial details of the acquisition have not been disclosed, but the deal is expected to close in the coming months. The integration of Tise's platform and eBay's existing infrastructure will be a key focus as the companies work to capitalize on the synergies between their respective platforms.