The deal complements eBay's focus category
strategy and furthers the company's commitment to trading card
JOSE, Calif. and SYRACUSE,
N.Y., Oct. 31, 2022 /PRNewswire/ -- eBay Inc.
(Nasdaq: EBAY), a global commerce leader that connects millions of
buyers and sellers around the world, today announced it has
completed its acquisition of TCGplayer, a trusted marketplace for
collectible card game enthusiasts, for a total deal value of up to
approximately $295 million.
This acquisition complements eBay's focus category strategy and
builds on its offerings to bring even more selection to
enthusiasts. By combining eBay's 26 years of experience and
commitment to the trading cards category with TCGplayer's expansive
ecommerce platform and strategic omnichannel capabilities like
order fulfillment and cart optimization, eBay and TCGplayer will
enhance the overall collecting experience for customers. Sellers
will be able to bring physical supply online and create
customizable webstores, and with TCGplayer, they can rapidly
upload, sort and identify large catalogs.
"By joining forces with TCGplayer, eBay has even more ways to
connect brick-and-mortar hobbyists and sellers with passionate
collectors around the world," said Dawn
Block, VP of Collectibles at eBay. "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."
"I look forward to working with eBay to improve the collecting
experience online and in everyone's favorite local hobby store,"
said Chedy Hampson, Founder and CEO of TCGplayer. "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."
TCGplayer will continue to operate autonomously as one of the
largest online marketplaces for trading card games. Today,
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.
Over the past two years, eBay has introduced significant
products and enhancements that are important for buyers and sellers
in the trading cards and collectibles category. With recent
launches like eBay vault, the company is delivering a more seamless
experience – offering benefits like instant transfer,
authentication, insurance, affordable shipping and a tax-free
storage location – and giving collectors peace of mind and
unprecedented control over their assets.
eBay Inc. (Nasdaq: EBAY) is a global
commerce leader that connects people and builds communities to
create economic opportunity for all. Our technology empowers
millions of buyers and sellers in more than 190 markets around the
world, providing everyone the opportunity to grow and thrive.
Founded in 1995 in San Jose,
California, eBay is one of the world's largest and most
vibrant marketplaces for discovering great value and unique
selection. In 2021, eBay enabled over $87
billion of gross merchandise volume. For more information
about the company and its global portfolio of online brands, visit
TCGplayer is a leading technology
platform for the collectibles industry. Founded as a digital media
company specializing in trading card games within the collectibles
space, TCGplayer has grown from its initial roots working with
Syracuse-based hobby stores into
an expansive ecommerce platform. The Company develops applications,
data management tools and technologies like robotics automation
that are beneficial to buyers and sellers in the collectibles
industry, connecting thousands of hobby stores and online sellers
with customers and collectors around the globe. A purpose-driven
company, TCGplayer prides itself on creating a culture that fosters
camaraderie, embraces diversity and exudes passion. It has been
ranked among New York State's 50
best employers, Fortune.com's top 100 companies for women in the
U.S. and certified a Great Place to Work by its employees. To learn
more about TCGplayer visit https://careers.tcgplayer.com/.
Certain statements herein
are "forward-looking statements" within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Exchange Act. Such forward-looking statements are often identified
by words such as "anticipate," "approximate," "believe," "commit,"
"continue," "could," "estimate," "expect," "hope," "intend," "may,"
"outlook," "plan," "project," "potential," "should," "would,"
"will" and other similar words or expressions. Such forward-looking
statements reflect eBay's current expectations or beliefs
concerning future events and actual events may differ materially
from historical results or current expectations. The reader is
cautioned not to place undue reliance on these forward-looking
statements, which are not a guarantee of future performance and are
subject to a number of uncertainties, risks, assumptions and other
factors, many of which are outside the control of eBay. The
forward-looking statements in this document address a variety of
subjects including, for example, the potential benefits of the
acquisition, including improving eBay's offerings in the trading
cards category and enhancing the overall experience for customers.
The following factors, among others, could cause actual results to
differ materially from those described in these forward-looking
statements: the possibility that eBay may not fully realize the
projected benefits of the acquisition and that eBay may experience
business disruption following the transaction. In addition, actual
results are subject to other risks and uncertainties that relate
more broadly to eBay's overall business, including those more fully
described in eBay's filings with the Securities and Exchange
Commission, including its annual report on Form 10-K for the fiscal
year ended December 31, 2021 and
subsequent quarterly reports on Form 10-Q. The forward-looking
statements in this document speak only as of this date. We
undertake no obligation to revise or update publicly any
forward-looking statement, except as required by law.
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SOURCE eBay Inc.