Tycoon Mike Buys Into Adidas

Summary


SPORTS Direct tycoon Mike Ashley has taken a personal stake in Adidas, and is reportedly steering his company towards the acquisition of rival sports retailer M and M in a bid to revive his flagging share price.

The deal to buy M and M is valued in its initial stages at Pounds 75 million, and would be Sports Direct's first as a listed company.

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Extract


Tycoon Mike Buys Into Adidas

Meanwhile, it has emerged t...

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