GameStop, a video game, consumer electronics and collectibles retailer, with over 3,000 locations in North America and over 5,700 world wide, is getting into the card buying business. The company has announced it will begin a trade-in program that allows customers to bring in PSA graded sports and gaming cards to their local shop in return for store credit or cash. All … [Read more...] about GameStop Offering to Buy PSA Graded Trading Cards
PSA
PSA Grading Now Available Through COMC
PSA and COMC have partnered on a deal that will allow COMC users to submit their cards for grading directly from their inventory. The option became available to COMC users on Friday. Customers who want to have cards in their inventory graded by PSA select that option from a drop-down menu and the cost of the selected grading service level deducted from their COMC account … [Read more...] about PSA Grading Now Available Through COMC
PSA Parent Company is Latest to Offer Vault Platform for Cards
We used to keep them in shoeboxes. In 2022, the hobby buzzword might just be “vault.” Collectors, parent company of PSA, has become the latest operator of an all-in-one service that allows collectors to house, buy and sell on a single platform without actually possessing the physical item. The company first announced its plans for the vault platform in … [Read more...] about PSA Parent Company is Latest to Offer Vault Platform for Cards
Chris Carlin Leaving Upper Deck for Collectors
Chris Carlin, one of the longest tenured employees at any of the major trading card manufacturers, is leaving Upper Deck for a new job in the hobby. He's taking on a new role with Collectors, parent company of PSA. Carlin, who has been with Upper Deck for 24 years, has largely been the face of that company during his tenure. Originally hired 24 years ago, he had been serving … [Read more...] about Chris Carlin Leaving Upper Deck for Collectors
PSA Set to Expand with Signing of Lease for New East Coast Facility
When Nat Turner stepped into his new role as CEO of PSA’s parent company, he indicated a strong desire to increase the company’s physical presence beyond Southern California and another, smaller office in New Jersey. The first step in that process is now underway. Collectors Holdings and Veris Residential, Inc. owner of an office complex in Jersey City, NJ have signed … [Read more...] about PSA Set to Expand with Signing of Lease for New East Coast Facility
2 Collectors Universe Shareholder Groups Opposed to Revised Deal
The ante has been upped but at least two of the larger shareholders of Collectors Universe stock still don't believe it’s enough to support acceptance of a buyout deal. Sean Berger, President of Adirondack Retirement Specialists, which owns over 271,000 shares representing an approximate 2.9% equity interest in CU, is telling his clients he believes the parent company of … [Read more...] about 2 Collectors Universe Shareholder Groups Opposed to Revised Deal
New Offer for PSA Parent Company: $853 Million
An investor group looking to purchase the parent company of PSA has upped its offer. The group, led by avid collector and entrepreneur Nat Turner and Cohen Private Ventures, announced Wednesday that they’ve entered into an agreement to purchase all outstanding shares of Collectors Universe for $92 per share. That represents a sizeable increase from the $75.25 … [Read more...] about New Offer for PSA Parent Company: $853 Million
PSA Parent Company Agrees to $700 Million Buyout Offer
Collectors Universe, parent company of PSA, is being sold to an investor group led by entrepreneur and sports card collector Nat Turner for approximately $700 million. D1 Capital Partners L.P., and Cohen Private Ventures, LLC will acquire all of the Company’s outstanding shares of common stock for $75.25 per share in cash. Cohen Private Ventures is oversees … [Read more...] about PSA Parent Company Agrees to $700 Million Buyout Offer
Top Shareholder Wants to Flip PSA Parent’s Board of Directors
A Texas-based hedge fund is looking to take control of the future direction of Collectors Universe, the parent company of PSA. Alta Fox Capital recently disclosed it owns a 5.4 percent stake in CU (CLCT) and says it wants to unseat the company’s current board of directors with new members it has nominated ahead of the CU’s annual meeting. Alta Fox thinks that despite … [Read more...] about Top Shareholder Wants to Flip PSA Parent’s Board of Directors
PSA Parent Company Moves to Dismiss Lawsuit
Collectors Universe, the parent company of PSA, has filed a motion to dismiss a class action lawsuit brought by a Southern California collector earlier this year over altered cards. Eric Savoy had originally filed his suit in state court in February but CU moved it to U.S. District Court. Savoy had also named two major online dealers, alleging a conspiracy existed … [Read more...] about PSA Parent Company Moves to Dismiss Lawsuit