Fanatics buying Topps trading card business for $500 million
CNN
If you can't beat 'em, get bought by 'em. Topps, just a few months after losing out on a deal to renew its longtime trading card relationship with Major League Baseball to sports apparel startup Fanatics, is now selling its collectibles and cards business to ... Fanatics.
Trading card giant Topps — just a few months after losing out on a deal to renew its longtime licensing deal with Major League Baseball to sports apparel startup Fanatics — is now selling its collectibles and cards business to ... Fanatics.
Sources close to the deal told CNN Business that Fanatics was paying $500 million for the more than 80-year-old Topps, which started out as a chewing gum company in 1938 and began selling baseball cards in 1951.
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