New Fanatics Trading Card Business Valued at Over $10 Billion
Michael Rubin
Photographer: Matt Rourke/APThis article is for subscribers only.
Fanatics Inc.’s new trading card business, created through several surprise deals last month, received fresh funding that values the business at $10.4 billion, according to a person familiar with the matter.
The $350 million round for Fanatics Trading Cards was funded by entertainment company Endeavor, private equity firm Silver Lake and venture capital firm Insight Partners. The three investors represent about 3.4% of ownership, with Fanatics accounting for more than 80% of the business.