Big Law
Fanatics Acquires Topps Trading Cards in a $500 Million Deal
Michael Rubin’s e-commerce company Fanatics has acquired Topps trading cards, sources close to the deal confirmed to CNBC on Monday night.
Terms of the agreement were not available, but industry sources put the deal at roughly $500 million. It will include only Topps’ name and sports and entertainment division, not the company’s candy and gift cards line, one source said.
Fanatics and Topps declined to provide comment but an announcement is expected on Tuesday.
