Foot Locker is in the process of being acquired by Dick’s Sporting Goods. On May 15, 2025, Dick’s Sporting Goods announced a definitive agreement to acquire Foot Locker for $2.4 billion. The deal is expected to close in the second half of 2025, pending regulatory and shareholder approvals. After the acquisition, Dick’s Sporting Goods will own Foot Locker but plans to operate it as a standalone business unit, preserving its brands and retail identity.
Key details:
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Acquirer: Dick’s Sporting Goods
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Target: Foot Locker, Inc.
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Deal Value: $2.4 billion
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Expected Closing: Second half of 2025
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Post-Acquisition Structure: Foot Locker will remain a distinct business unit within Dick’s Sporting Goods, maintaining its own branding and operations.
For more details, you can read the official announcements from Foot Locker Investor Relations.
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