It has been announced that global commerce leader eBay has reached an agreement to acquire TCGplayer, a trading card marketplace.
eBay to acquire TCG player to dominate market for trading card sellers
TCGplayer originated in hobby shops before becoming a sprawling e-commerce platform that develops inventory management tools and apps, as well as hardware such as robotic sorting machines that have revolutionized the col… lectionism The company has helped connect thousands of hobby shops and online sellers with customers and collectors around the world, serving millions of hobby buyers and tens of thousands of online sellers and brick-and-mortar retailers.
eBay Continues ‘Focus Category Strategy’
eBay believes that trading cards are an attractive and growing sector, and they consider TCGplayer to be a leading technology platform for the collectibles industry. TCGplayer will continue to operate independently, with the acquisition complementing eBay’s “focus category strategy” which aims to equip them with strategic omnichannel capabilities such as order fulfillment and cart optimization .
Nurture passion and facilitate connections
eBay’s vice president of collectibles, Dawn Block, said, “eBay continues to leverage our 26 years of trading card experience, empowering local hobby shops and Main Street retailers to provide a destination online that collectors love eBay has always fueled our customers’ passion in this space and facilitated connections between buyers and sellers, and with TCGplayer, we can improve the customer experience across categories, establish even more relationships and serving enthusiasts around the world.”
TCGplayer founder and CEO Chedy Hampson added: “This new chapter allows us to continue to operate independently on eBay, while benefiting from their decades of industry experience and resources to deepen the connection between fans and their communities. With eBay’s support, we will advance our purpose and expand our tools and services to improve the collecting experience online and at your favorite local hobby store.”
eBay acquisition costs
eBay will acquire TCGplayer for about $295 million, although the deal is still subject to customary closing conditions, such as required regulatory approvals. The deal is expected to be completed in the first months of 2023.
For the latest news, follow us on Google News.