Ebay to Acquire Online TCG Marketplace TCGPlayer
With the growth in popularity of trading card games in recent years, Ebay has increasingly pushed itself as one of the forefronts of online marketplaces for trading cards. The massive online marketplace introduced its «authenticity guarantee» program for trading cards earlier this year in an attempt to push the marketplace's viability for valuable collectibles. Ebay has even previously made changes to its bidding policies with the Pokemon collecting craze. Now, Ebay has made another major move in the trading card market by acquiring one of the internet's most popular marketplaces, TCGPlayer.
TCGPlayer founder and CEO Chedy Hampson officially announced the partnership between TCGPlayer and Ebay on August 22 through TCGPlayer's blog site, TCGPlayer Infinite. The post assures fans that, while Ebay is acquiring TCGPlayer as a whole, the site will continue to operate independently of the auction site. Hampson reassures users that TCGPlayer will maintain the same level of flexibility with the site's management as before, with Ebay reportedly bringing more tools and experience for the site to expand in the future.
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The deal reportedly sees TCGPlayer selling for nearly $300 million. Ebay's VP of Collectibles Dawn Block cited Ebay's cooperation with «local hobby stores» as a major factor behind the deal, with both Ebay and TCGPlayer featuring a variety of small hobby shops on their sites. TCGPlayer will continue to operate autonomously under the Ebay umbrella, with the previously mentioned Hampson maintaining his position as TCGPlayer CEO.
Hampson took some time during the post to honor, with TCGPlayer employees «sharing in the financial reward» due to the
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