eBay Inc EBAY:NASDAQ

Last Price$61.95Cboe Real-Time Last Sale as of 12:16PM ET 1/18/22
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Today's Change-1.50(2.36%)
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Day Low / High$61.84 - 62.82
Volume2.4 M

eBay Buys Sneaker Con Authentication Business for Undisclosed Sum

9:46AM ET 11/29/2021 MT Newswires
eBay (EBAY) said Monday that it has acquired Sneaker Con Digital's authentication business, a sneaker authenticator operating in the US, UK, Canada, Australia, and Germany.

Financial details of the deal, which was closed on Nov. 24, were not disclosed.

eBay, which operates a sneaker marketplace, said the acquisition will enable it to further empower its community to buy and sell footwear "with total confidence."

The acquisition is an extension of collaboration between the two sides. Last year, eBay started an authenticity guarantee service that provides full vetting and verification of select sneakers bought on the marketplace by Sneaker Con's industry experts.

Price: 70.88, Change: -1.59, Percent Change: -2.19