Editor's note: The valuation is $1 billion less than previous rumors.
According to foreign media reports, Ostrich Ventures (WeChat: wechangye) learned that after a series of "rumors", Fanatics, a sports e-commerce company headquartered in Florida, USA, has confirmed that it has obtained $1 billion in private equity financing from SoftBank Group, and the valuation of the company in this round of financing is US$3.5 billion.
Ostrich Venture Capital Media (WeChat: wechangye) also learned that several media previously rumored that the valuation of the company in this round of financing would reach US$4.5 billion, but after confirmation, the final valuation was reduced by US$1 billion, and SoftBank Group may also acquire more equity in Fanatics. Fanatics sells jerseys and peripheral products from teams around the world on its e-commerce platform through product licensing. Its customers include Manchester United, Real Madrid, NBA and NFL, etc. It is reported that Major League Baseball and Major League Hockey League also participated in this round of financing.
Author of this article: Joker
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