Battle At Bristol Helps SMI's Q3 Earnings Kevin Plank Tries To Quash Investor Fears Under Armour Has Slowest Sales Growth In Six Years SeatGeek Sues ScoreBig For At Least $2M AT&T Reaches Deal To Acquire Time Warner For $85B Dick's Wins Auction For Golfsmith's U.S. Business StubHub Sees 32% Revenue Growth For Q3 AlphaDraft To End Paid Contests After Friday Upcoming IPO Will Value Acushnet At $1.7B Fed Reportedly Sees WME-UFC Deal As "Problematic"
ADIDAS ACQUIRES SALOMON; GETS GOLF PRESENCE WITH TAYLOR MADE
Published September 16, 1997
Salomon S.A. of Annecy has sold "controlling interest" to adidas, which makes adidas the corporate parent of Taylor Made Golf, according to the SAN DIEGO UNION-TRIBUNE. Salomon, which makes ski equipment and bicycle components "among other things," has owned Taylor Made since 1984. The "rumored transaction price" for the deal was $1.5B, although that number was "not confirmed." Taylor Made Senior Marketing Manager Brian Fortini: "We are excited about it. It brings resources to us that permit us to pursue a number of strategic growth initiatives" (UNION-TRIBUNE, 9/16).