Hip-hop mogul Master P and former NBA player Baron Davis are making some money moves. The two businessman are in talks to buy Reebok for $2.4 billion.
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According to Forbes, the men are in negotiations with parent company Adidas to acquire the shoe company.
Master P confirmed the news to ESPN reporter Eric Woodyard, telling him: “These companies have been benefiting off us, this could be history for this company going black-owned.”
Master P also credits Allen Iverson for representing the brand.
Master P spoke of the deal on social media.
The decision on whether Master P and Davis can acquire Reebok will be announced on March 10, when Adidas officially presents its new strategy.
