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Volume 7 No. 149
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Finance Notes: Anta Sports Closes In On €5.6B Takeover Of Amer

A consortium led by China’s Anta Sports Products is closing in on a €5.6B ($6.4B) takeover of Finland’s Amer Sports in what would be the "largest outbound deal into Europe by a Chinese company this year." If successful, Anta, "China’s largest sportswear brand by revenue," would acquire Amer’s portfolio, which includes Atomic skis, Salomon mountain sports gear, Louisville Slugger baseball bats and Wilson tennis rackets. By doing so, the Chinese group "will bolster its offering" ahead of Beijing 2022. Anta is offering to pay €40 ($45.54) per share, valuing Ameri's equity at €4.6B ($5.2B) (FINANCIAL TIMES, 12/6).

The Players' Tribune announced it acquired Unscriptd, the media and technology company for global athletes. Following this acquisition, The Players' Tribune will launch a new mobile app for its growing athlete community (The Players' Tribune).