SYRACUSE, N.Y. — eBay Inc. (Nasdaq: EBAY) on Monday announced it has completed its acquisition of TCGplayer of Syracuse for a total deal value of up to about $295 million.
San Jose, California–based eBay specializes in global commerce “that connects millions of buyers and sellers around the world,” per its announcement.
It describes TCGplayer as a “trusted marketplace for collectible card game enthusiasts.” The company is located at 440 S. Warren St. in Syracuse.
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“By joining forces with TCGplayer, eBay has even more ways to connect brick-and-mortar hobbyists and sellers with passionate collectors around the world,” Dawn Block, VP of collectibles at eBay, said. “Our two companies share similar values and a deep commitment to the collectibles community, and together we will continue delivering best-in-class experiences for our customers.”
TCGplayer will continue to operate “autonomously” as one of the largest online marketplaces for trading-card games. TCGplayer employs more than 600 people, 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.
“I look forward to working with eBay to improve the collecting experience online and in everyone’s favorite local hobby store,” Chedy Hampson, founder and CEO of TCGplayer, said. “We will benefit from eBay’s decades of industry experience, coupled with powerful technology solutions, a shared vision, common core values, and a deep commitment to the collectibles community. Thank you to the teams at TCGplayer and eBay for your incredible work, which got us to this milestone.”
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.
