SoftBank to invest $1 billion in online sportswear retailer
Japan-based SoftBank is planning to invest $1 billion in Fanatics, an online retailer of licensed sports apparel. The retailer also has Major League Baseball and the National Football League as investors as well as commercial partners. The deal will increase the Fanatics' total funding to around $1.8 billion and raise its valuation to about $4.5 billion. 