Fanatics acquires Topps trading cards

Fanatics acquires Topps trading cards

Topps’ baseball playing cards from the 2016 season on show throughout an occasion in New York Metropolis.

Kris Connor | Getty Photographs

Michael Rubin’s e-commerce firm Fanatics has acquired Topps buying and selling playing cards, sources near the deal confirmed to CNBC on Monday evening.

Phrases of the settlement weren’t accessible, however trade sources put the deal at roughly $500 million. It would embody solely Topps’ title and sports activities and leisure division, however not the corporate’s sweet and present playing cards line, one supply stated.

Fanatics and Topps declined to supply remark.

An announcement is anticipated Tuesday.

Final yr, Topps was valued at $1.3 billion in a SPAC merger with Mudrick Capital Acquisition Corp. II

The is breaking information. Please examine again for extra updates.

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