Ferris Bueller was right. Life does move pretty fast. Just weeks after Fanatics secured licenses that would have severed a 70-year relationship between Topps and Major League Baseball, the online retailing giant purchased the legendary card manufacturer. Terms of the agreement were not made public, but multiple reports valued the deal at roughly $500 million. The sale includes the Topps name along with the company’s sports and entertainment divisions, and ensures its indelible legacy will endure for future generations of collectors.
“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,” Fanatics CEO Michael Rubin said in a statement announcing the deal.