DICK’S Sporting Goods $2.5 Billion Acquisition of Foot Locker

Deal News | May 15, 2025 | Wachtell, Lipton, Rosen & Katz

DICK’S Sporting Goods $2.5 Billion Acquisition of Foot Locker

On May 15, 2025, DICK’S Sporting Goods, Inc., a prominent U.S.-based omni-channel retailer, announced its acquisition of Foot Locker, Inc. for a transaction value of $2.5 billion. Both companies are publicly traded on the NYSE with DICK’S Sporting Goods being represented by the legal advisory firm Wachtell, Lipton, Rosen & Katz. The deal marks a significant shift in the sporting goods retail industry, consolidating two major players into a singular entity with the goal of expanding market share and improving operational efficiencies. This acquisition is poised to enhance DICK’S position in athletic retail, significantly broadening its reach and consumer base.

Sectors

  • Retail
  • Legal Advisory

Geography

  • United States – Both DICK’S Sporting Goods and Foot Locker are U.S.-based companies and the acquisition deal takes place within this geography.

Industry

  • Retail – Focus on sporting goods retail sector involving major companies like DICK’S Sporting Goods and Foot Locker.
  • Legal Advisory – Involvement of Wachtell, Lipton, Rosen & Katz as legal advisors in the acquisition process.

Financials

  • $2.5 billion – Transaction value for the acquisition of Foot Locker by DICK’S Sporting Goods.

Participants

NameRoleTypeDescription
DICK’S Sporting Goods, Inc.Bidding CompanyCompanyA leading full-line omni-channel sporting goods retailer in the U.S.
Foot Locker, Inc.Target CompanyCompanyA major player in the athletic footwear and apparel retail industry.
Wachtell, Lipton, Rosen & KatzLegal AdvisorCompanyA prestigious legal advisory firm involved in the transaction.