Eisner Finally Hits Topps Asking Price, But Fanatics Owns the Growth
Last week’s sale of the Topps trading card business to Fanatics likely means Michael Eisner and partner Madison Dearborn ended up with the valuation they asked for when…
TOPPS
Sporticast: Two Major Sports Deals Kick Off 2022
On the latest Sporticast episode, hosts Scott Soshnick and Eben Novy-Williams discuss some of the biggest sports business stories of the week, including a pair of major…
Fanatics to Buy Topps in $500M Deal as Trading Card Biz Zooms Into 2022
Fanatics has reached an agreement to acquire the Topps trading card business, according to people familiar with the plans, a move that will likely accelerate its recent…
WWE Leaves Topps for Panini Amid Swiftly Evolving Card Landscape
Today marks the debut of the SporticoU newsletter, a twice-monthly roundup of news and analysis for readers in the university community. Sign up for it here. And now…
Topps Debt Rating Downgraded on Loss of MLB Deal, SPAC Shutdown
The credit rating of trading card giant Topps Co. has been pushed deeper into junk bond territory as last week’s loss of Major League Baseball’s license for cards…
Sporticast: Topps’ Next Steps, Joe Tsai’s Empire, Giannis’ Brewers Buy
On the latest episode of Sporticast, host Scott Soshnick is joined by Sportico managing editor Matt Bok to discuss the week’s news, including a recap of Major League…
Prime
Topps Mulls Options Amid Claims MLB Fanatics Deal Done in Secret
The termination of the merger between Topps and the special purpose acquisition company Mudrick II on Friday could spark a lengthy legal fallout. The death of the deal…
Topps Deal Terminated by SPAC After MLB, Players Bolt
The merger between Topps and the special purpose acquisition company Mudrick II has been terminated, according to a filing with the Securities & Exchange Commission…
Prime
Eisner Outflanked by Fanatics as $600 Million Payday Foiled by MLB Players
It’s as if Mickey Mouse packed up and made camp over at Universal. Or maybe worse. Dealmaker Michael Eisner’s latest trophy project was dealt a huge blow when the MLB…
MLB, Players Ending Topps Card Deal for Fanatics Joint Venture
Major League Baseball and the MLB Players Association are set to make a massive lineup change—ending a 70-year partnership with Topps to work with Fanatics on licensed…
Topps Raises 2021 Outlook Again as Second Quarter Results Shine
Sports card giant Topps released second quarter earnings this morning, detailing sales that surged 78% and increasing projections for full year revenue to as much as…
Topps Paying Off for Michael Eisner in Collectibles SPAC Merger
Trading card company Topps is finally paying off for Michael Eisner. Eisner, best known as the longtime CEO of Walt Disney Co., is bringing Topps public in a merger with…
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