Former Disney chief Michael Eisner has found his next deal. Eisner will take the trading card and collectibles company Topps public through a deal with the Special Purpose Acquisition Company (SPAC)Mudrick Capital Acquisition Corporation II.
Eisner's Tornante company bought Topps in 2007 with Madison Dearborn Partners for $385 million. The deal announced Tuesday values Topps at $1.3 billion.
Eisner, who said in a statement that he will not sell any of his shares in Topps after the deal is complete, will stay on as chairman of the public company.Michael Brandstaedter will remain CEO.
While Topps is best known for its baseball cards, which it has been producing since the 1940s, it also owns the Bazooka bubble gum brand (which in turn owns.
Read more on hollywoodreporter.com