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Fidelity ‘in talks’ to invest $350m in Fanatics

A Fanatics-run retail concession in Japan.

Boston-based financial services company Fidelity Investments is in talks to invest $350m (£275m/€301.74m) in international sports merchandising company Fanatics.

Bloomberg reports the funding round could value the fast-fashion sports retailer at significantly more than the $4.5bn it was worth in in its last funding round in 2017.

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