Master P and former NBA player Baron Davis are in talks to buy Reebok for $2.4 billion These companies have been benefiting off us, this could be history for this company going black-owned
Master P and Baron Davis. CREDIT: Getty Images
Rapper Master P and former NBA player Baron Davis are in talks to buy shoe company Reebok for some $2.4 billion.
Adidas bought Boston-based Reebok for $3.8 billion in 2005, but after struggling to turn the brand around investors repeatedly called for the company to dispose of the brand.
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Master P confirmed the news to
ESPN reporter Eric Woodyard, telling him: “These companies have been benefiting off us, this could be history for this company going black-owned.”
Adidas Mulling Potential Sale Of Reebok
German sportswear giant Adidas said Monday it was mulling a sale of its long-struggling US subsidiary Reebok. Adidas has begun to assess strategic alternatives for Reebok, the company said in a statement, adding these include both a potential sale of Reebok as well as Reebok remaining a part of the company .
A decision will be announced on March 10, it added, when the group will present a new five-year strategy.
Adidas acquired Boston-based Reebok in 2006 for 3.1 billion euros ($3.8 billion) to take on US rival Nike. But the brand has struggled to grow under its German owner, frequently fuelling speculation of a sale.
PTC to acquire California company
Updated December 14, 2020, 8:54 p.m.
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SOFTWARE
PTC to acquire California company
PTC, the Boston-based design and engineering software firm, has reached a deal to acquire Arena Solutions for $715 million, making it the largest acquisition in PTCâs history. Arena specializes in whatâs known as product lifecycle management software, which helps users manage a productâs evolution from design and manufacturing to servicing and disposal. Arena is primarily a software-as-a-service company, meaning its revenue comes from subscriptions sold to clients. Foster City, Calif.-based Arena has about 160 employees and about $50 million in annual revenue, making it much smaller than PTC, with its 6,200-person workforce. Before this deal, PTCâs largest acquisition was its $470 million purchase about one year ago of design software firm OnShape. â JON CHESTO
Monday, 14 Dec 2020 11:01 PM MYT
Reebok could face a sale in future. ― Picture courtesy of Reebok via AFP
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FRANKFURT, Dec 14 German sportswear giant Adidas said today it was mulling a sale of its long-struggling US subsidiary Reebok.
“Adidas has begun to assess strategic alternatives for Reebok,” the company said in a statement, adding these “include both a potential sale of Reebok as well as Reebok remaining a part of the company”.
A decision will be announced on March 10, it added, when the group will present a new five-year strategy.
Adidas Says Mulling Potential Sale Of Reebok By AFP News
on December 15 2020 2:27 AM
German sportswear giant Adidas said Monday it was mulling a sale of its long-struggling US subsidiary Reebok. Adidas has begun to assess strategic alternatives for Reebok, the company said in a statement, adding these include both a potential sale of Reebok as well as Reebok remaining a part of the company .
A decision will be announced on March 10, it added, when the group will present a new five-year strategy.
Adidas acquired Boston-based Reebok in 2006 for 3.1 billion euros ($3.8 billion) to take on US rival Nike. But the brand has struggled to grow under its German owner, frequently fuelling speculation of a sale.