Bloomberg Law
Aug. 20, 2021, 2:01 PM

Mudrick SPAC-Topps Deal Collapses After Losing MLB Card Deal (2)

Richard Clough
Richard Clough
Bloomberg News

Topps Co. will no longer go public through a merger with blank-check firm Mudrick Capital Acquisition Corp. II, a significant blow for the trading card maker after it lost its longtime contract with Major League Baseball.

The deal to go public was ended by mutual agreement after notification from MLB and its players association that they wouldn’t renew their agreements with Topps when the pacts expire in the coming years, Mudrick said Friday in a statement. The league agreed to a new deal with Fanatics Inc., a rapidly growing sports apparel and collectibles retailer, Bloomberg reported.

1952 Topps Mickey Mantle card
Photographer: Matt Dirksen/Colorado Rockies/Getty Images