Master P in Talks to Buy Reebok for $2.4 Billion With Baron Davis
On Monday (Dec. 28), Forbesreported that P and Baron Davis are looking to acquire Reebok from Adidas, which bought Reebok 15 years ago. The reported asking price for Reebok is $2.4 billion. Master P, who has a diverse portfolio of investments and helped found Rap Snacks almost 30 years ago, says he is looking to reinvest in communities that helped propel Reebok to success in the first place. "As we focus on turning Reebok into a lifestyle brand not just a basketball brand, our most important initiative will be to put money back into the community that built this company," P told Forbes. P ...