Topps Cards to be Acquired by Fanatics

 

Fanatics has this thing about grabbing licenses from companies wait and then when the companies start losing money, Fanatics sweeps in and then buys that company. I am fine with that, if that's how you do business you know what, good for you. I just have had problems with the customer service and fulfillment from Fanatics over the years. I guess this means that Topps really won't be losing MLB now since Fanatics has the license for it?

From Bleacher Report-

Sports retailer and memorabilia company Fanatics has acquired trading card company Topps.

“With trading cards and collectibles being a significant pillar of our long-term plans to become the leading digital sports platform, we are excited to add a leading trading cards company to build out our business,” said Fanatics CEO Michael Rubin in a press release. “Their iconic brand, commitment to product excellence and passionate employees worldwide will allow us to immediately serve our league and players’ association partners and our fans.”

Jabari Young of CNBC first reported "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."

Read more here.