JAY-Z and Roc Nation Invest in Fanatics, Driving $18 Billion USD Valuation

JAY-Z and Roc Nation have invested in Fanatics, Michael Rubin's sports licensing giant that is now valued at $18 billion USD.The sizable investment aligns with Fanatics plant to expand its technological and consumer databases to integrate new markets including NFTs, gaming, sports betting and media. In tandem with JAY-Z and Roc Nation's investment, the MLB, SoftBank, Silver Lake, Eldridge, TWG Sports Media & Entertainment and Insight Partners have nearly tripled the company's enterprise this yea...