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Fanatics will be Topps in baseball cards

Five months after reaching a licensing agreement to sell baseball trading cards, Fanatics Inc. is buying the company that previously had the license for 70 years.

Jacksonville-based Fanatics agreed to buy the trading card business of Topps Inc. for $500 million, according to reports Tuesday by the Wall Street Journal and CNBC.

Fanatics in August reached licensing deals with Major League Baseball and the Major League Baseball Players Association to take over the baseball card deal from Topps.

Read the rest of this story at WJCT News partner the Jacksonville Daily Record.