EBay Inc. EBAY, -2.67% plans to acquire TCGplayer, an online marketplace for collectible trading card games, in a deal valued at up to $295 million, the company said Monday. “This 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, maintaining its position as a desirable platform for trading card sellers, and enhancing the overall experience for all customers,” eBay said in a press release. The company called out trading cards as an “attractive category” recently showing “substantial growth,” and it noted that TCGplayer would continue to run autonomously after the deal is complete. EBay expects the deal to close in the first quarter of 2023. Its shares are off nearly 2% in Monday morning trading. They’ve gained about 4% over the past three months as the S&P 500 SPX, -1.78% has risen roughly 7%.
