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# Adidas Buys Reebok
- URL: https://www.protein.xyz/adidas-buys-reebok/
- Published: 2005-08-05T17:43:58.000Z
- Updated: 2016-06-07T13:55:40.000Z
- Description: 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…
- Author: Protein
- Tags: Seeds, #protein, #Import 2024-06-11 13:21

Germany's sporting goods maker [Adidas-Salomon](http://www.adidas.de/?ref=protein.xyz) has agreed to buy U.S. rival [Reebok](http://www.reebok.com/?ref=protein.xyz) for $3.8 billion, closing the gap on Nike and promising a profit jump by expanding in the United States and entering new markets. The world's second- and third-biggest sports goods companies said on Wednesday Adidas would buy the outstanding shares of Reebok for $59 per share in cash, a 34 percent premium to Reebok's closing share price on Tuesday. The combination will create a more formidable competitor to battle Nike's dominance of the market for athletic gear, particularly in the United States, which accounts for 50 percent of the sports footwear market alone. \[REUTERS\]