Fanatics to divest 60 per cent stake in NFT outfit Candy Digital

Michael Rubin, chief executive of the expanded Fanatics group (Mike Coppola/Getty Images for Fanatics)
Michael Rubin, chief executive of the expanded Fanatics group (Mike Coppola/Getty Images for Fanatics)

Fanatics is divesting its 60 per cent equity stake in non-fungible token (NFT) company Candy Digital and selling its interest to an investor group led by cryptocurrency merchant bank Galaxy Digital, according to industry sources and multiple reports.

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