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Nike Files For Tech Patents In Trying To Stay Ahead Of Competitors Amid Digital Shift

Published in SportsBusiness Daily on 12 / 02 / 16

Nike on Thursday "filed a burst of patent applications, including two dozen for new technology, the latest sign of the industry's ongoing digital shift and the sportswear giant's aggressive effort to stay ahead of competitors," according to Matthew Kish of the PORTLAND BUSINESS JOURNAL. The 64 ...

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MP & Silva Sells Controlling Stake

Media rights firm MP & Silva, whose partners include the NFL, F1 and the EPL, has "agreed to sell a controlling stake to a group led by Beijing Baofeng Technology," according to a source cited by Soshnick & Novy-Williams of BLOOMBERG NEWS. The source said that the deal "values the company" a ...

Tags: Finance

Judge OKs Sports Authority Sales Plan

A federal bankruptcy judge in Delaware yesterday "signed off on Sports Authority's plan to have liquidators start going-out-of-business sales at all of the ... retailer’s more than 460 stores" beginning tomorrow, according to Alicia Wallace of the DENVER POST. The sales "will end by Aug. 31." ...

Tags: Finance, Sports Authority

StubHub Parent Company Buys Ticketbis

StubHub parent company eBay early this morning announced the acquisition of international online ticket marketplace Ticketbis. Based in Spain and in operation since ’09, Ticketbis will be folded into the StubHub business, and expand the company’s reach into 47 countries. Financial terms ...

Tags: Finance, eBay, StubHub

Dick's To Bid For Closing Sports Authorities

Dick's Sporting Goods execs on Thursday said the company is making a play for a "very small number" of closing Sports Authority stores, according to Alicia Wallace of the DENVER POST. Dick's during its quarterly earnings call said that the company "will bid for nearly two dozen of the hundreds of le ...

Tags: Dicks Sporting Goods, Finance, Sports Authority

Liquidators Win Sports Authority Asset Auction

A consortium of liquidators that includes Tiger Capital Group, Hilco Global and Gordon Brothers yesterday "prevailed in an auction" for Sports Authority's assets, and store-closing sales "could begin as soon as May 25," according to Alicia Wallace of the DENVER POST. Sources said that the winni ...

Tags: Finance, Sports Authority

Disney Shares Slide After Q2 Earnings Report

Disney shares "plummeted" late yesterday following its Q2 earnings report, as the company "noted a decline in both ESPN subscribers and the sports network’s advertising revenue," according to Elaine Low of INVESTOR'S BUSINESS DAILY. But Chair & CEO Bob Iger said he sees a "very robust ...

Tags: Walt Disney, ESPN, Finance

Adidas Plans To Sell Most Of Golf Division

adidas is "starting talks with potential buyers for the bulk of its golf unit, abandoning a business it’s had nearly 20 years but which is dragging on profitability," according to Aaron Ricadela of BLOOMBERG NEWS. The company said in addition to TaylorMade, it will also "seek a buyer for Adams ...

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Sports Authority Still Looking For Buyers

Attorneys for Sports Authority yesterday told a federal bankruptcy judge that the retailer is "still pursuing a 'robust' sale process and is not yet ready to settle for liquidation," according to Alicia Wallace of the DENVER POST. Judge Mary Walrath "could have forced the retail giant into Chap ...

Tags: Finance, Sports Authority

Callaway Hikes '16 Financial Targets

Callaway Golf yesterday "boosted its full-year financial forecast," citing "improved market conditions in the golf industry," according to Mike Freeman of the SAN DIEGO UNION-TRIBUNE. Callaway during a Q1 earnings call said that there is "less discounting by rivals and more reliable foreign exchange ...

Tags: Finance, Callaway Golf

Sports Authority To Sell Off All Holdings

Sports Authority will not "come out of bankruptcy as an independent company and instead wants to sell off all its holdings," according to a front-page piece by Aldo Svaldi of the DENVER POST. U.S. Bankruptcy Judge Mary Walrath, concerned that "money from liquidation sales was going to pay off certai ...

Tags: Finance, Sports Authority

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