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Adidas sells Reebok to Authentic Brands in $2.5 billion deal
Adidas agreed to sell its underperforming Reebok business to Authentic Brands Group for up to 2.1 billion euros ($2.5 billion), adding another well-known name to the buyer's growing lineup of consumer companies.
The majority of the price will be paid in cash at closing, with the rest coming as deferred and contingent consideration,