Sports
Fanatics Explores Tender at Discounted $25 Billion Valuation
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Fanatics Inc. is in discussions to facilitate the sale of employee shares at a discounted valuation of $25 billion for the entire business.
The company, which sells licensed merchandise and collectibles to sports fans, is discussing a tender offer of between $75 million and $100 million at a roughly 19% discount to the valuation it obtained in a December 2022 funding round, a person with knowledge of the situation said, declining to be identified discussing confidential information.