Reebok may be getting a new owner, as its German sportswear parent company Adidas looks to offload the household name brand. Once a cultural icon of epic proportions, Reebok has struggled in recent years to gain a foothold with today’s trendsetters and tastemakers. This could be changing as new buyers including a business dream team of hip-hop business mogul, Percy “Master P” Miller and former NBA All-Star Baron Davis are looking to acquire the company, which could garner an asking price of around $2.4 billion. Reebok’s $2.4 Billion Price Tag Brings Hip-Hop & Sports Moguls To The Table.

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ERIC WOODYARD ESPN CONFIRMS Percy “Master P” Miller that he’s in negotiations to acquire Reebok with ex-NBA guard Baron Davis. “These companies have been benefiting off us, this could be history for this company going Black-owned,” Miller tells ESPN.

“Imagine if Michael Jordan owned NIKE BACK IN THE DAYS AND NOT JUST THE FACE? AND US OWNING REEBOK our most important initiative will be to put money back into the community that built this company,”

We would not only change the narrative but we will make history in giving our people opportunities that we normally don’t get!

 

Source: Forbes.com
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