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Benzinga

Business

Surbhi Jain

Nike's Frenemies Just Locked Arms - And They're Coming For Control

NIke Dick Foot Locker Foot Locker Inc Nike Inc NKE

Dick's Sporting Goods

In a landmark $2.4 billion deal, Dick’s Sporting Goods Inc (NYSE:DKS) has officially acquired Foot Locker Inc (NYSE:FL), creating a retail powerhouse with over 3,200 stores across 20 countries. The merger positions the combined entity as a formidable force in the athletic retail industry. It also has some significant implications for Nike Inc (NYSE:NKE).

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