eBay is acquiring trading card marketplace TCGplayer for up to $295M

techcrunch.com:

eBay is acquiring TCGplayer, an online marketplace for collectible trading card games, in a deal valued up to $295 million, the company announced on Monday. The deal is subject to customary closing conditions and is expected to close in the first quarter of 2023. eBay says the acquisition furthers its commitment to trading card enthusiasts and also noted that trading cards are currently showing “substantial growth.”

Founded in 2008, TCGplayer has grown from Syracuse-based hobby stores into an e-commerce platform. TCGplayer, which currently employs more than 600 people, will continue to operate autonomously following the acquisition. 

“eBay continues to build on our 26 years of experience in trading cards, powering local hobby stores and Main Street retailers to deliver an online destination that collectors love,” said Dawn Block, the Vice President of Collectibles at eBay, in a press release. “eBay has always fueled our customers’ passion in this space and facilitated connections between buyers and sellers, and with TCGplayer, we can enhance the customer experience across categories, forge even more relationships, and cater to enthusiasts around the world.”

In a statement, TCGplayer founder and CEO Chedy Hampson said the acquisition will give the company a chance to benefit from eBay’s industry experience and resources while TCGplayer continues to operate independently. Hampson noted that he will remain in his position as CEO of TCGplayer. He also said the company will keep its headquarters in downtown Syracuse after the deal closes.

“With eBay’s support, we will advance our purpose, and expand our tools and services to improve the collecting experience online and in your favorite local hobby store,” Hampson said in the