LOUISVILLE, Ky - — (Louisville Business First) - China-based Anta Sports Products Ltd., along with a consortium of other investors, is close to a $5.2 billion deal to buy Finland's Amer Sports Oyj, The Wall Street Journal reports.
This is a deal of note locally because Amer Sports owns Wilson, which bought the Louisville Slugger brand back in 2015.
There's been talk about a deal between Anta Sports and Amer for the last few months in the international press. Other investors in the consortium include tech giant Tencent Holdings Ltd. and Chip Wilson, the Canadian billionaire and founder of athletic-apparel retailer Lululemon Athletica Inc., the story says.
In a separate post, reporter Charley Grant riffs on this news for WSJ's "Heard on the Street" column. Grant writes that trade tensions between China and the U.S. have dominated the headlines for months.
