OfferUp raises $120M, will acquire rival Letgo; OLX Group to own 40% of combined entity

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OfferUp CEO Nick Huzar. (OfferUp Photo)

It’s a big day for OfferUp.

The Bellevue, Wash.-based mobile marketplace startup today announced a $120 million funding round and an agreement to acquire Letgo, a rival commerce app that also lets people buy and sell used goods.

OLX Group, the online

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