• Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Top Trading Strategy
No Result
View All Result
Home Breaking News

Fanatics hits $27 billion valuation, adds BlackRock, Michael Dell as investors

by
March 2, 2022
in Breaking News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Related Posts

Supreme Court rules for concrete company in union damages dispute

Measuring inflation can be tricky and quirky. Here are 3 examples

Japan is in a ‘Goldilocks’ position, Credit Suisse says. Here’s how to play it

Trump was recorded acknowledging he kept classified doc after leaving White House

Fanatics Founder/Executive Chairman Michael Rubin attends Fanatics Super Bowl Party at College Football Hall of Fame on February 2, 2019 in Atlanta, Georgia.
Mike Coppola | Getty Images

Michael Rubin’s Fanatics raised $1.5 billion in a new funding round that values the sports merchandise company at $27 billion. The company was most recently valued at $18 billion less than a year ago.

Its latest funding round includes new investors Fidelity, BlackRock and Michael Dell’s MSD Partners, as well as existing investors. The investment was first reported by the Wall Street Journal. A source familiar with the deal confirmed the details to CNBC.

A representative for Fanatics declined to comment.

Rubin, co-owner of the Philadelphia 76ers and New Jersey Devils, started the Jacksonville, Florida-based company in 2011. That same year, he sold a sports e-commerce business to eBay for $2.4 billion, bought back parts of it and acquired Fanatics — which back then was a two-store retail operation. Fanatics now has exclusive licensing deals with the NFL, NHL, NBA, Major League Baseball, and scores of colleges and universities to make and sell jerseys, caps, and tons of other official team merchandise.

Earlier this year, the company acquired Topps trading cards for $500 million. Fanatics’ trading card entity is valued at $10 billion after a $350 million round of funding last September. Rubin called Topps an iconic brand in a statement announcing the move.

Fanatics is a two-time CNBC Disruptor 50 company. Sign up for our weekly, original newsletter that goes beyond the annual Disruptor 50 list, offering a closer look at private companies like Fanatics, and founders like Rubin who continue to innovate across every sector of the economy.

Next Post

Sanctioning Russia is a masterstroke that will cement the dollar’s dominant role in world affairs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Breaking News

Supreme Court rules for concrete company in union damages dispute

by
June 1, 2023
0

The US Supreme Court building stands in Washington, DC, on October 3, 2022. Stefani Reynolds | AFP | Getty Images...

Read more

Supreme Court rules for concrete company in union damages dispute

Japan is in a ‘Goldilocks’ position, Credit Suisse says. Here’s how to play it

Measuring inflation can be tricky and quirky. Here are 3 examples

Trump was recorded acknowledging he kept classified doc after leaving White House

Elon Musk wrapped up his first visit to China in years. Here’s what the Tesla CEO was up to

Despite near-term headwinds, Wall Street analysts view this cloud stock as a long-term A.I. winner

Load More

All rights reserved by www.toptradingstrategy.net

  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.