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#11
08-20-2020, 02:33 PM
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CU - psa ripe for PE-VC hostility
My Bay Area tech sources tell me CU will be the subject of a "hostile" takeover in the next 12 months. Additionally, a major new player (an App) in the collecting world will be introducing themselves very soon. It will be geared toward super high end investors, and likely with an emphasis on modern (hoops predominately) cards.
Many, many VC-PE people are the ones driving the wild and crazy market this year, heavily investing in all things MJ, Kobe, LeBron, etc. Additionaly, my tech sources tell me Howard Schultz (Founder and Ex-CEO of Starbucks) who is generally known for high end art collecting has crossed the line and is diving in to the sports card world. Not certain if any of this is groundbreaking news or has already been topiced on N 54, however, in case it has not, I thought I would share the info. 
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