Adidas to buy Reebok for $3.8 Billion

Big news in the sneaker industry. Adidas is to buy Reebok for $3.8 billion dollars. I wonder what effect it will have for us consumers. (Thanks Paul!) FRANKFURT (Reuters) – Germany’s sporting goods maker Adidas-Salomon has agreed to buy U.S. rival Reebok for $3.8 billion, closing the gap on Nike and promising a profit jump by expanding in the United States and entering new markets. Full Story Here via Yahoo News.

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Adidas to buy Reebok for $3.8 Billion DollarsBig news in the sneaker industry. Adidas is to buy Reebok for $3.8 billion dollars. I wonder what effect it will have for us consumers. (Thanks Paul!)

FRANKFURT (Reuters) – Germany’s sporting goods maker Adidas-Salomon has agreed to buy U.S. rival Reebok for $3.8 billion, closing the gap on Nike and promising a profit jump by expanding in the United States and entering new markets.

Full Story Here via Yahoo News.

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