Topps SPAC merger with Mudrick Capital dead because MLB killed trading card deal to go with Fanatics
"has been terminated by mutual agreement" because of Major League Baseball's decision to end a 70-year-old trading card deal with Topps.
came a day after news broke that MLB will not renew its existing trading card arrangement with Topps.Topps' special purpose acquisition merger with Mudrick, which had been announced in April, valued Topps at $1.3 billion.Topps, which was founded in 1938, in its own announcement Friday said that "it will remain a private company."
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