Baseball cards of the 2016 season are displayed during an event in New York City.
Kris Connor | beautiful pictures
Michael Rubin’s e-commerce company Fanatics has acquired the Topps trading card, sources close to the deal confirmed to CNBC Monday night.
Terms of the deal were not available, but industry sources put a $500 million price tag on the deal. It will only include the names of Topps and its sports and entertainment division, but not the company’s line of candy and gift cards, a source said.
Fanatics and Topps declined to comment.
An announcement is expected on Tuesday.
Last year, Topps was valued at $1.3 billion in the merger of SPAC with Mudrick Capital Acquisition Corp. II
This is breaking news. Please check back for more updates.
