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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 business sources put the deal at north of $500 million. It is going to embody solely Topps’ identify and sports activities and leisure division, however not the corporate’s sweet and reward playing cards line, one supply mentioned.
Fanatics and Topps declined to offer 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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