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GameStop's $56B eBay Bid Puts TCGplayer in the Spotlight

If you flip Magic or Pokémon singles online, you have a stake in the news that just dropped on Wall Street. GameStop has made a surprise $56 billion offer for eBay at $125 per share, and the knock-on effect for tabletop is huge. eBay has owned TCGplayer since 2022, so if the deal goes through, the dominant trading card marketplace would land under the same roof as GameStop's roughly 1,600 high-street stores.

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CEO Ryan Cohen pitched the bid to the Wall Street Journal as a play to turn eBay into a "legitimate competitor" to Amazon, with collectibles at the heart of the strategy. Trading cards already make up around 30% of GameStop's sales, and Cohen wants to use his retail footprint as authentication and shipping hubs for online resellers, with store staff verifying graded cards before they post out.

For UK players, the picture is mixed. TCGplayer has been a useful import option for Commander singles, and consolidation under one US-listed parent could mean fewer cross-border alternatives, plus the obvious worry that fees creep up once a near-monopoly forms. The flipside is that authentication infrastructure could finally catch up with the reseller scams that have plagued Pokémon collectors since the pandemic boom.

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The offer is non-binding and eBay's share price is sitting at about $109, well below the $125 ask, so investors are not convinced this gets done. Whatever happens, it is a reminder that the cardboard you pull from a booster sits at the centre of a multi-billion-pound resale economy. If you are looking for a game group to actually play those decks with rather than just watching their prices, there are plenty of clubs near you.


Sources: Al Jazeera | ComicBook.com | TechCrunch | Stocktwits

Backseat Gamer replaces Meetup, Discord, and spreadsheets for tabletop gaming groups. RSVPs, waitlists, date polling, and game voting — all free.

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