Dick's Sporting Goods to Acquire Foot Locker in $2.4B Deal

Dick's Sporting Goods to Acquire Foot Locker in $2.4B Deal

Foot Locker will remain a standalone business and keep its brands, including Foot Locker Kids, WSS, Champs Sports, and Atmos.

Dick's Sporting Goods To Acquire Foot Locker

Dick’s Sporting Goods is set to acquire Foot Locker. The sports retailer will make the purchase for $2.4 billion. The company expects to run Foot Locker as a standalone unit and keep the original brands. That includes Kids Foot Locker, Champs Sports, WSS and Japanese sneaker brand Atmos. This marks the second recent buyout of a major footwear company. Sketchers is being taken private by the investment firm 3G Capital in a transaction worth more …

Dick’s Sporting Goods Acquires Foot Locker in $2.4 Billion Deal

Dick’s Sporting Goods has officially confirmed its acquisition of Foot Locker in a deal worth $2.4 billion, shaking up the sportswear and footwear space. The announcement follows growing speculation after merger rumors started surfacing across financial and retail sectors yesterday. Lauren Hobart, CEO and President of Dick’s Sporting Goods, issued a statement reflecting confidence in the future of the newly expanded brand family. “We look forwar…

Dick’s Sporting Goods to Acquire Foot Locker and Expand Internationally

Dick’s Sporting Goods plans to acquire Foot Locker and position the combined organization to serve sports retail consumers around the world. The two companies announced the deal in a Thursday (May 15) press release, saying the transaction implies an equity value of $2.4 billion and an enterprise value of $2.5 billion. The transaction is expected to close in the second half, subject to Foot Locker shareholder approval, regulatory approvals and ot…

DICK’S Sporting Goods Acquires Foot Locker in $2.4 Billion Deal to Create Global Sports Retail Powerhouse

It is the age of acquisition. Big companies acquiring even bigger companies. DICK’S Sporting Goods is stepping into the global sneaker game with its acquisition of Foot Locker, a move that combines two powerhouse brands under one roof. The $2.4 billion deal marks a major expansion for DICK’S, bringing Foot Locker’s 2,400 stores across 20 countries into its portfolio while keeping the Foot Locker brand intact. Foot Locker, known for fueling sneak…

Dick’s Rescues Foot Locker for $2.5 Billion

Dick’s Sporting Goods is buying Foot Locker in a $2.5 billion transaction experts say underscores just how far Foot Locker has fallen.