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Former Disney Chief Michael Eisner To Launch IPO Of Sports Trading Card Company Topps In $1.3B Deal

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Michael Eisner’s Tornante Company is backing an initial public offering for sports trading card company Topps Inc., with the former Disney boss set to remain chairman.The $1.3 billion public move will be the result of a merger with a SPAC, one of the popular investment vehicles also known as blank-check companies.

A range of SPACs have recently attracted interest from a pedigreed group of entertainment executives and celebrities. SPAC deals have resulted in publicly traded companies like sports betting firm DraftKings and digital media aggregator Group Nine.Mudrick Capital Acquisition Corp., the SPAC in question, will generate gross proceeds of $571 million through the transaction.

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