eBay to Acquire TCGplayer, For Approx. $295M

eBay Inc Acquisition

eBay Inc. (Nasdaq: EBAY), a San Jose, CA-based global commerce leader that connects millions of buyers and sellers around the world, is to acquire TCGplayer, a Syracuse, NY-based marketplace for collectible card game enthusiasts, for a total deal value of up to approximately $295 million.

The deal is subject to customary closing conditions, including requisite regulatory approvals, and is expected to close in Q1 2023.

The acquisition complements eBay’s focus category strategy and furthers the company’s commitment to trading card enthusiasts – providing eBay with strategic omnichannel capabilities like order fulfillment and cart optimization, maintaining its position as a platform for trading card sellers, and enhancing the overall experience for all customers. 

Led by Chedy Hampson, Founder and CEO, TCGplayer is a technology platform for the collectibles industry, and will continue to operate autonomously as one of the largest online marketplaces for trading card games. The company develops applications, inventory management tools and hardware like robotic sorting machines, connecting thousands of hobby stores and online sellers with customers and collectors around the globe. TCGplayer employs more than 600 team members, serving millions of hobbyist buyers, and tens of thousands of online sellers and brick-and-mortar retailers through the TCGplayer Marketplace and its Authentication Center.

FinSMEs

22/08/2022