DICK’S Sporting Goods Completes $2.4 Billion Acquisition of Foot Locker

Pittsburgh — Pittsburgh-based DICK’S Sporting Goods has completed its $2.4 billion acquisition of Foot Locker. With the merger, DICK’S will now operate more than 3,200 stores across 20 countries, while maintaining Foot Locker’s portfolio of brands including Foot Locker, Kids Foot Locker, Champs Sports, WSS and atmos. The transaction is expected to generate $100 million to $125 million in cost synergies and become earnings per share accretive in the company’s 2026 fiscal year.

Goldman Sachs served as financial advisor to DICK’S for this transaction, and Wachtell, Lipton, Rosen & Katz served as DICK’S legal advisor.