PE-backed Fanatics buys sporting trading card company Topps: CNBC

Ecommerce firm Fanatics has acquired sports trading card company Topps, reported CNBC.

Ecommerce firm Fanatics has acquired sports trading card company Topps, reported CNBC. The news outlet noted that “industry sources put the deal at roughly $500 million.” Fanatics’ backers include Silver Lake, Fidelity Investments, Franklin Templeton, Neuberger Berman, Thrive Capital and Major League Baseball.

Source: CNBC