Friday, September 16, 2011

RUMOR: Nike Buying Under Armour

 

Rumors have been going around surrounding a potential pairing between Nike Inc. and Under Armour Inc.  According to the London Times, Nike has been considering a takeover bid to for several months now and a deal could be in the works. Closing out Thursday with a share value of $76.82 USD, the newspaper suggests that Nike may be prepared to offer upwards of $100 USD per share for the Baltimore, Maryland based athletic brand. What does this mean for all the UA athletes? Will they stay under contract and become sponsors by Nike? Via WWD

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