By Robb M. Stewart
Online marketplace eBay agreed to buy trading cards and collectibles auction house Goldin from Collectors Universe, and in turn will offload the eBay Vault physical storage facility to Collectors' trading card unit PSA.
The companies said Wednesday they signed definitive agreements to enter into a series of transactions that include a commercial deal as well as the asset sales. Valuations for the transactions, which are expected to close in the second quarter of the year, weren't disclosed.
Ebay and Collectors said the transactions will support more streamlined buying, selling, grading, and storage experiences for everyone participating in the trading card hobby in the U.S.
The partnership will extend grading services that authenticate and rate trading cards to customers in the U.S., building on PSA's existing grading expertise. PSA also will introduce a new service which will allow customers to list and sell trading cards on eBay at the time a card is graded.
The two companies will together offer a seamless product experience for collectors that will be unveiled over the coming months, they said.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
April 10, 2024 08:13 ET (12:13 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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