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Fanatics Buys Topps

Old 01-07-22, 10:08 AM
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Fanatics Buys Topps

Last year, MLB announced that after 70 years they had decided to change the licensing of trading cards from Topps to Fanatics. Well, Fanatics had never done trading cards by themselves, so they purchased Topps. All of these companies are now backed by Blackstone hedge fund which has become a major player in the collectible market among other things

Old 01-07-22, 11:46 AM
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Re: Fanatics Buys Topps

Glad to see, my kids like baseball and collect baseball cards just for the fun of it but always look for Topps. Now they can still get their Topps baseball cards.
Old 01-07-22, 12:13 PM
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Re: Fanatics Buys Topps

Fanatics announced the MLB partnership on the day Topps was set to go public at a 1.3B valuation. After the news broke, Topps’ value plummeted and their deal fell through. Now fanatics purchased them for 500MM.
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Old 01-07-22, 01:27 PM
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Re: Fanatics Buys Topps

Originally Posted by John Galt View Post
Fanatics announced the MLB partnership on the day Topps was set to go public at a 1.3B valuation. After the news broke, Topps’ value plummeted and their deal fell through. Now fanatics purchased them for 500MM.
MLB also happens to own a stake in Fanatics. This whole thing seems to have been concocted so Fanatics could waltz in and buy out Topps. Once Topps lost the MLB license, their only worth was their expertise in making baseball cards and the brand name.
Old 01-10-22, 06:45 PM
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Re: Fanatics Buys Topps

Originally Posted by PhantomStranger View Post
MLB also happens to own a stake in Fanatics. This whole thing seems to have been concocted so Fanatics could waltz in and buy out Topps. Once Topps lost the MLB license, their only worth was their expertise in making baseball cards and the brand name.
Sounds like it comes straight from a hedge fund playbook.

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