Under the definitive agreement, TCGPlayer will continue operating independently, with headquarters remaining in Syracuse, New York. Founder and CEO Chedy Hampson will continue to lead the firm, according to a press release on Monday (Aug. 22).
For eBay, the acquisition complements its focus and commitment to trading card enthusiasts. It also gives eBay omnichannel capabilities — order fulfillment, cart optimization — which can improve the user experience for all customers.
“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, VP of Collectibles at eBay.
“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,” Block added.
Founded in 1999, TCGplayer started working with Syracuse hobby stores before growing into a far-reaching eCommerce platform. TCGplayer develops applications, inventory management tools and hardware that connects thousands of hobby stores and online sellers with customers and collectors around the globe.
“This new chapter allows us to continue operating independently within eBay, while also benefiting from their decades of industry experience and resources to deepen the connection between hobbyists and their communities,” said Hampson.
“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 added.
The deal is anticipated to close in the first quarter of next year subject to regulatory approvals and customary closing conditions.
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