Multiple senior PSA officials pushed back against rumors Friday that an acquisition of the grading giant by video-game retailer GameStop could be in the works.
A senior PSA official confirmed to cllct there are currently no plans for an acquisition by GameStop, and the two companies will continue to work together on various partnerships.
Nat Turner, CEO of PSA parent company Collectors, also denied rumors in a social post from Sports Card Investor founder Geoff Wilson.
The sports card hobby loves a good rumor. Many aren’t true, including this one…
— Geoff Wilson (@itsgeoffwilson) June 13, 2025
Rumors were flying this week that GameStop was trying to acquire PSA. This comes after GameStop announced it was raising $1.75 billion for acquisitions and investments.
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Speculation among hobbyists of a potential acquisition began to spread Wednesday, when GameStop announced plans to raise debt through a private offering of $1.75 billion in convertible senior notes. Notes can be converted into GameStop equity when they mature in 2032 or before.
GameStop plans to use the proceeds from the offering for investments and potential acquisitions.
An official relationship between the two companies first started in May 2024, when GameStop announced it would begin buying PSA-graded trading cards. The partnership expanded in October, when the companies announced GameStop would begin accepting grading submissions for PSA at select retail locations.
GameStop announced in May it had graded 1 million total cards through the partnership. The retailer currently accepts submissions in 1,360 brick-and-mortar locations and plans to expand to another 280 in June.
According to GameStop CEO Ryan Cohen, the cards and collectibles category has played a major part in the company’s financial turnaround.
“You have a move from physical games to digital downloads, and we needed to get the costs under control,” Cohen told BTC Inc. in May. “And also shift the business from being so reliant on video games to collectibles, which we’ve done.
“So now there’s a big focus on trading cards. We’re doing grading in a bunch of stores, and we’re selling a lot of cards both in sports and TCG.”
GameStop reported in March that collectibles had generated $271 million in net sales in the fourth quarter of its 2024 fiscal year. That total was up from $171 million in Q3.
In total, collectibles accounted for 21% of the company’s $1.283 billion in net sales for Q4 and 19% of the company’s net sales in 2024.
Rumors of an acquisition spread again Thursday when a number of collectors reported being forwarded to GameStop’s website when attempting to reach PSA.
A senior PSA source told cllct Friday that a technical error briefly occurred when attempting to test an upcoming feature with GameStop planned for later this summer. GameStop also later confirmed the glitch to cllct.
Ben Burrows is a reporter and editor for cllct, the premier company for collectible culture. He was previously the Collectibles Editor at Sports Illustrated. You can follow him on X and Instagram @benmburrows.