Deal will expand COMC's technology-based
listing and management model, offering collectors extensive
selection and improved listing capabilities
SAN
JOSE, Calif., Nov. 29,
2023 /PRNewswire/ -- eBay Inc. (Nasdaq: EBAY), a
global commerce leader that connects millions of sellers and buyers
around the world, and COMC, an innovator in the sports trading
cards space, today announced that the companies have entered a
commercial agreement to accelerate the growth of the trading card
hobby. The deal also includes an eBay investment in COMC. This
partnership reinforces eBay's deep commitment to supporting sellers
and collectors across The Hobby, delivering innovative experiences
to help them thrive and fuel their passions.
With nearly 300 employees and 200,000 square feet of
distribution space, COMC's unique model offers buyers and sellers
an expert partner with a deep catalog and sophisticated fulfillment
capabilities. COMC has a demonstrated ability to effectively manage
a high volume of trading cards at multiple price points. eBay's
investment will help unlock access to new services for eBay
customers, including making listing easier and more efficient.
"As the ecommerce home for trading cards enthusiasts, we're
excited to work with a company that shares our commitment to
innovating for collectors and sellers, so they can do more of what
they love," said Gene Cook, VP of
Global Collectibles, eBay. "This investment will help deliver
seamless, magical experiences for The Hobby, making it easier for
sellers to digitize their inventory and helping buyers find exactly
the cards they want."
"COMC was created to reimagine the collecting experience for
trading card enthusiasts by using technology and innovation to
remove the greatest pain points, allowing fellow collectors to
focus on what they enjoy," said Tim
Getsch, CEO and Co-Founder, COMC. "We are excited to utilize
eBay's investment to accelerate our pace of innovation, improving
the experience for our customers, employees, and partners. eBay's
faith in COMC is a testament to our talented and passionate team.
We're thrilled to partner with eBay to continue our journey of
simplifying collecting, bringing joy to The Hobby, and making it
accessible for as many people as possible."
Founded in Seattle in 2005 by
Tim and Julia Getsch, COMC's core
values center on fostering an innovative and fun team and culture,
to offer collectors an accurate, trusted, efficient experience.
About eBay
eBay Inc. (Nasdaq: EBAY) is a global
commerce leader that connects millions of buyers and sellers in
more than 190 markets around the world. We exist to enable economic
opportunity for individuals, entrepreneurs, businesses and
organizations of all sizes. Founded in 1995 in San Jose, California, eBay is one of the
world's largest and most vibrant marketplaces for discovering great
value and unique selection. In 2022, eBay enabled nearly
$74 billion of gross merchandise
volume. For more information about the company and its global
portfolio of online brands, visit www.ebayinc.com.
About COMC
COMC is a leading marketplace for
collecting and selling sports cards, gaming cards, comics, and
more. With nearly 300 employees and over 100 million trading cards
under management, COMC offers customers premium service and maximum
ease to collect online. COMC's innovative "buy now, ship later"
model allows customers to collect over time while minimizing
shipping costs. Driven into its ethos, the purpose of COMC is to
"optimize joy for collectors." The company is headquartered in
Redmond, Washington. To learn
more, visit www.comc.com.
Forward-Looking Statements
Certain statements herein
are "forward-looking statements" within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Exchange Act. Such forward-looking statements are often identified
by words such as "anticipate," "approximate," "believe," "commit,"
"continue," "could," "estimate," "expect," "hope," "intend," "may,"
"outlook," "plan," "project," "potential," "should," "would,"
"will" and other similar words or expressions. Such forward-looking
statements reflect eBay's current expectations or beliefs
concerning future events and actual events may differ materially
from historical results or current expectations. The reader is
cautioned not to place undue reliance on these forward-looking
statements, which are not a guarantee of future performance and are
subject to a number of uncertainties, risks, assumptions and other
factors, many of which are outside the control of eBay. The
forward-looking statements in this document address a variety of
subjects including, for example, the potential benefits of the
investment and commercial agreement, including providing access to
new services for eBay customers, such as easier and more efficient
listing processes. The following factors, among others, could cause
actual results to differ materially from those described in these
forward-looking statements: the possibility that eBay may not fully
realize the projected benefits of the investment and business
disruption following the transaction. In addition, actual results
are subject to other risks and uncertainties that relate more
broadly to eBay's overall business, including those more fully
described in eBay's filings with the Securities and Exchange
Commission, including its annual report on Form 10-K for the fiscal
year ended December 31, 2021 and
subsequent quarterly reports on Form 10-Q. The forward-looking
statements in this document speak only as of this date. We
undertake no obligation to revise or update publicly any
forward-looking statement, except as required by law.
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SOURCE eBay Inc.