Fanatics buys PWCC

[trambo]

Originally Posted by Aquarian Sports Cards

Was it a Topps IPO? I thought they were selling to someone else. Either way the point remains the same. The Fanatics announcement torpedoed Topps' plans.

It was a proposed IPO. I can't remember if they were putting it in a SPAC or a more traditional IPO but I do remember thinking I'd buy some stock in Topps if it were public again.

Edited to link an article about the SPAC:

https://marketrealist.com/p/what-happened-to-topps-ipo/

[Brian Van Horn]

I may have to admit myself to Smart Alecs' Anonymous because of the following lines:

"Betts wrote that buying PWCC “will give us the opportunity to further build and strengthen on the foundation that exists today and ultimately deliver a lot of value to our fans/collectors.”

The companies didn’t report terms of their deal.

PWCC’s 125 employees will remain with the business, according to Betts, who said “it’s business as usual” for the time being."

https://www.oregonlive.com/business/...-fanatics.html

Thank goodness he saved himself with the following:

"It is critical that we take the time to properly evaluate the business, best practices and compliance,” Betts wrote. “Long-term health is vital for our business and the ecosystem at large, which is why we’re going to thoughtfully integrate the PWCC platform into Fanatics Collectibles.”

In my opinion you should have done more evaluation before you purchased this gelding.