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Print |. A A. Nike Inc. won an eight-year deal to make uniforms for the National Basketball Association, taking over an Adidas AG contract that runs out in 2017. Nike will become the first apparel partner to have its logo appear on all on-court uniform designs, according to a statement Wednesday.
Salomon group was acquired by Adidas in 1997. Converse was acquired by Nike in 2003; the hockey company was acquired by reebok in 2004. (Kiley, 2005) On august 3, 2005 Adidas-Salomon AG declared its strategies of acquiring reebok international Ltd for $3.8 billion. Just after the declaration reebok stock rose 30% while Adidas moved up by 7%.