By clicking submit, I consent to receiving BET Newsletters and other marketing emails. “I think Reebok is being undervalued,” said Davis, according to Forbes. Paras Griffin/Getty Images Hip-hop mogul Percy "Master P" Miller and retired NBA star Baron Davis are in talks to acquire Reebok from Adidas for $2.4 billion, according to Forbes.. With a combined net worth of over $260 million, Miller and Davis plan to create distribution opportunities for smaller shoe companies and new opportunities for wealth within the Black community. Master P is the founder of rap record label No Limit Records, one of the most well-known labels in the industry. Adidas, their parent company, is looking to sell Reebok by 2021 and he seems to be the primary target right now. This isn’t Master P’s first foray into footwear. Nearly 20 years ago, he created his P Miller Jump-Offs performance basketball shoes, and in 2019, he launched the luxury sneaker label MoneYatti. The pair has … Master P is among the interested buyers in Reebok, which is up for sale, and his marketing plan includes making Allen Iverson a Michael Jordan-like figure for the brand. https://www.bet.com/music/2020/12/31/master-p-in-talks-to-buy-reebok.html Reebok could have a new owner soon, Percy “Master P” Miller confirmed that he’s in talks with the parent company Adidas to acquire the sportswear brand with former NBA All-Star Baron Davis. Master P would be the latest artist within hip-hop to collaborate with the brand following recent collaborations featuring both Cardi B and Kendrick Lamar. December 29, 2020 Rap mogul Master P and former NBA star Baron Davis are negotiating to buy Reebok from its parent company, Adidas, for $2.4 … Download our newest episodes now!TheGrio is now on Apple TV, Amazon Fire and Roku. Reebok … Miller also recently entered the food market with his Uncle P food products. © 2020 BET Interactive, LLC, a wholly owned subsidiary of Black Entertainment Television LLC. Read More: Pro-Trump Lil Pump banned by JetBlue for refusing to wear mask, “I think Reebok is being undervalued,” said Davis, according to Forbes. Users can unsubscribe at anytime. Master P Wants to Acquire Reebok. Master P, … Master P And Baron Davis Are Apparently In Talks To Buy Reebok Music Their purchase could reenergize Reebok in the sneaker and streetwear markets as a major Black-owned brand. According to ESPN’s NBA reporter Eric Woodyard, the fabled Reebok may soon be in the hands of Hip Hop’s own Percy Miller, better known as No … The Grio reports that Hip-Hop mogul Percy “Master P” Miller and former NBA star Baron Davis are negotiating to buy Reebok from its parent company, … We need the “hook up” like now! Master P, who set up businesses in Louisiana and California over the last 30 years, wants to create opportunities for his people. According to Forbes, Reebok (which has been owned by Adidas since 2005) is up for sale with a reported price-tag of $2.4 Billion. While Reebok has struggled to make a dent with today’s influencers and tastemakers, Master P believes that he and Davis have a plan to not only reinvigorate the brand but create multiple opportunities connected to Reebok for the Black community. Percy "Master P" Miller confirms to ESPN that he's in negotiations to acquire Reebok with ex-NBA guard Baron Davis. Music mogul Master P and former NBA Player Baron Davis are reportedly in talks to buy sportswear brand Reebok for $2.4 billion dollars. According to Forbes’ Kori Hale, Master P and former NBA star Baron Davis are trying to buy Reebok for the price-tag of $2.4 billion. Speaking with Forbes about the company that could sell for as much as $2.4 billion, Master P and Davis explained their reason for potentially acquiring ownership. What Is Master P's Net Worth in 2020? Will Reebok accept Master P’s offer? Davis’ net worth is estimated at $60 million. RAPPER Master P and former NBA All-Star Baron Davis are in negotiations to acquire Reebok. It would be great to see this happen. Panowie oferują Adidasowi 2.4 miliarda dolarów. Master P and Former NBA Player Baron Davis Are Looking to Purchase Reebok From adidas For $2.4 Billion by Cedric 'BIG CED' Thornton December 30, 2020 January 4, 2021 2621 0 Martes Sport to sklep z odzież sportową dla ludzi ceniących komfort, swobodę i wysoką jakość. Hip-hop culture loves Master P. But will it go down? Master P is reportedly interested in taking over Reebok. It's exciting news. Adidas is looking to sell its Reebok brand it acquired nearly 15 years ago, and a contender has stepped up to the table, a group led by "Master P" Miller and former NBA All-Star Baron Davis. Master P wants to acquire Reebok. Reebok may have a pair of high-profile entrepreneurs interested in purchasing the brand: Percy “Master P” Miller and Baron Davis. RELATED: Exclusive: Master P’s Remarkable Career Featured In ‘No Limit Chronicles’ Docuseries, "I think Reebok is being undervalued,” said Davis. A popular dance and the force behind the infamous $54.11s, with Master P and B-Diddy at the helm Reebok is about to be lit in these streets. As 2020 turns to 2021, Adidas is looking to sell the brand it acquired nearly 15 years ago, and a contender has stepped up to the table: Percy "Master P" Miller. Both Davis and Miller are entrepreneurs with investments in media, technology, sports, music and fashion. Adidas acquired Reebok for $3.8 billion in 2005. Pro-Trump Lil Pump banned by JetBlue for refusing to wear mask, Fauci agrees with Biden that ‘darkest days’ of pandemic are ahead, House approves Trump’s $2K checks, sending to GOP-led Senate, TheGrio is now on Apple TV, Amazon Fire and Roku. Master P is reportedly interested in taking over Reebok. https://www.bet.com/music/2020/12/31/master-p-in-talks-to-buy-reebok.html Master P is in reported talks to expand his empire. As we all know Master P has been very successful as a entrepreneur. The Grio reports that Hip-Hop mogul Percy “Master P” Miller and former NBA star Baron Davis are negotiating to buy Reebok from its parent company, Adidas, for $2.4 billion. Miller has an estimated net worth of over $200 million. Adidas is looking to sell its Reebok brand it acquired nearly 15 years ago, and a contender has stepped up to the table, a group led by "Master P" Miller and former NBA All-Star Baron Davis. This is big news for self-made mogul Percy Miller. Adidas kupił Reeboka w 2005 roku za 3.8 miliarda dolarów. Master P could potentially be one of the owners of Reebok in the near future. Before that, Jay-Z signed with Reebok back in 2003 and released the S. Carter shoes, leading to a 17% increase in footwear sales for the brand in 2004. The brand collaborated with Jay-Z in 2003 and saw an immediate increase in sales the following year. Reebok's parent company Adidas is looking to sell the sports brand, and Master P is in talks to buy.. RAPPER Master P and former NBA All-Star Baron Davis are in negotiations to acquire Reebok. BET Newsletters are subject to our Privacy Policy and Terms “I left Nike as a 22 year-old kid representing myself and made the jump to Reebok, which took a chance on me as a creative and as an athlete.”. “I think Reebok is being undervalued,” said Davis, according to Forbes. Both Master P and former two-time NBA All-Star Baron Davis are reportedly seeking to make a multi-billion dollar purchase as Forbes reported that the pair are looking to buy Reebok from Adidas. Reebok may be black owned soon!! An immigrant's dream. The deal would make the legendary shoe giant the first Black-owned major sneaker brand. Rapper-entrepreneur Master P and 15-season NBA veteran Baron Davis are reportedly looking to acquire Reebok in a $2.4 billion deal. Master P Says Allen Iverson Will Be Reebok’s “Answer” to the Jordan Brand Cassius - Alex Zephyr. “These companies have been benefiting off us, this could be history for this company going Black-owned,” Master P, whose real name is Percy Miller, told ESPN. 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Oferujemy plecaki turystyczne, buty trekkingowe, bieliznę termoaktywną, oraz akcesoria sportowe renomowanych marek. Percy “Master P” Miller confirms to ESPN that he’s in negotiations to acquire Reebok with ex-NBA guard Baron Davis. Rap mogul Master P and former NBA star Baron Davis are negotiating to buy Reebok from its parent company, Adidas, for $2.4 billion. A popular dance and the force behind the infamous $54.11s, with Master P and B-Diddy at the helm Reebok is about to be lit in these streets. BET Newsletters are sent by BET Networks, 1515 Broadway, New York, NY 10003. www.bet.com, TRENDING IN We break it all down, along with other factors involved in order to bring Reebok back to relevancy. Davis is a two-time All-Star and one … Trump's worst nightmare. Master P, whose full name is Percy Miller, recently confirmed to ESPN that he and Baron Davis are engaged in negotiations to acquire Reebok, which Adidas bought for $3.8 billion in 2005. When Adidas bought rival Reebok for $3.8 billion in 2006, the German athletic footwear giant had hoped to rejuvenate the once-mighty sportswear brand.However, that did not come to pass. “I left Nike as a 22-year-old kid representing myself and made the jump to Reebok, which took a chance on me as a creative and as an athlete. via: AceShowbiz Rap mogul Master P and former basketball player Baron Davis are in talks to buy sportswear company Reebok for $2.4 billion. Davis is a two-time All-Star and one … Master P wants to buy Reebok and make it a Black brand. https://finance.yahoo.com/video/master-p-possible-reebok-deal-160400292.html Should it go down? Reebok … Following news that Master P and Baron Davis are “prepared financially” to acquire Reebok, many have been making inquiries about Master P … Master P i Baron Davis prowadzą rozmowy z Adidasem, firmą do której należy Reebok, o przejęciu brandu. Adidas, their parent company, is looking to sell Reebok by 2021 and he seems to be the primary target right now. “We want this to be a community effort,” said Vy Le, chief operating officer of Baron Davis Enterprises, “that sets up the next generation of leaders for success.”. Adidas is reportedly seeking to unload Reebok for an asking price of $2.4 billion, and former NBA All-Star Baron Davis and Hip-Hop mogul Master P are looking to team up to purchase the famed sportswear brand. Read More: Fauci agrees with Biden that ‘darkest days’ of pandemic are ahead. In 2003, Reebok had deals with Allen Iverson, Shaquille O'Neal, 50 Cent, Jay Z, and others. As 2020 turns to 2021, Adidas is looking to sell the brand it acquired nearly 15 years ago, and a contender has stepped up to the table: Percy “Master P” Miller. Download theGrio.com today! Forbes reports that its German sportswear parent company Adidas is looking to sell the sports brand and the man behind No Limit Records is in talks to buy it along with former NBA star Baron Davis. They reportedly plan to pave lanes making it easier for independent sneaker-makers to get their products distributed. I want the people I know — athletes, influencers, designers, celebs — to sit at the table with me.”. Related Videos. RELATED: Master P On Why The ‘I Am Hip Hop’ Award Is Bigger Than Him. Master P is the founder of rap record label No Limit Records, one of the most well-known labels in the industry. Percy “Master P” Miller confirms to ESPN that he’s in negotiations to acquire Reebok with ex-NBA guard Baron Davis. of Use. We need the “hook up” like now! Join the conversation with rapper Master P. as he discusses the possibility of purchasing the retail brand with a partnership with NBA all-star Baron Davis. 9:35. Music mogul Master P and former NBA Player Baron Davis are reportedly in talks to buy sportswear brand Reebok for $2.4 billion dollars. Master P To Purchase Reebok. Założyciel legendarnego No Limit Records znany jest ze swojej aktywności na płaszczyźnie biznesowej. Percy Miller says he wants to 'focus on turning Reebok into a lifestyle brand, not just a basketball brand.' “I want the people I know, athletes, influencers, designers, celebs, to sit at the table with me,” he continued. All rights reserved. Reebok was the first major shoe company to sign a music artist in an endorsement deal the way big-label companies previously attached themselves to athletes. How Rich Is Master P? Here are all the artists who posted tributes to the late R&B singer. Master P and Davis are respectable figures in their respective fields and they are also masters of the business world. The men’s purchase could reenergize Reebok in the sneaker and streetwear markets as a Black-owned brand in a year that has seen many calling for change in socioeconomic and racial justice. Master P, who has … Master P To Purchase Reebok. Adidas acquired Reebok in 2005 for $3.8 billion, however, its value has decreased significantly in the decade and a half since that deal, and Adidas is looking to offload the brand. Rap mogul Master P and former basketball player Baron Davis are in talks to buy sportswear company Reebok for $2.4 billion. The team of Master P and retired NBA player Baron Davis are among the last remaining prospective Reebok buyers from German sports apparel Adidas. Rap mogul Master P and former basketball player Baron Davis are in talks to buy sportswear company Reebok for $2.4 billion. Master P Spits Game On 2 Billion Dollar Reebok Deal From HUGE Mansion, Rick Ross & More!#MasterP #Reebok #RickRoss MUSIC, "Stop using that f**king pain to make it OK to say some bullsh** on your record and get nominated for a Grammy...". Reebok is for sale, parent company Adidas Group confirmed last month, and since then, the rapper Percy Miller (“Master P”) has emerged as an interested buyer. The No Limit Records founder and former NBA player, Baron Davis, are negotiating an acquisition of Reebok, in what could be a … Master P has long established himself as an astute entrepreneur and, should his latest goal come to fruition, he'll be even more achieved. One of the biggest stories over the holiday stretch was that Master P and Baron Davis are in talks to acquire Reebok. “As we focus on turning Reebok into a lifestyle brand, not just a basketball brand, our most important initiative will be to put money back into the community that built this company,” he said. Have you subscribed to theGrio’s “Dear Culture” podcast? Not to mention that Master P is partnering with former NBA player Baron Davis. STREAM EXCLUSIVE ORIGINALS, TYLER PERRY AND CLASSIC HITS, Madea’s Farewell The Play - Virtual Museum, Exclusive: Master P’s Remarkable Career Featured In ‘No Limit Chronicles’ Docuseries, Master P On Why The ‘I Am Hip Hop’ Award Is Bigger Than Him. Reebok's parent company Adidas is looking to sell the sports brand, and Master P is in talks to buy. Master P (real name Percy Miller) is the 53-year-old music mogul who founded the highly successful record label No Limit Records, which has been home to … “As we focus on turning Reebok into a lifestyle brand, not just a basketball brand,” said Miller, “our most important initiative will be to put money back into the community that built this company.”, Read More: House approves Trump’s $2K checks, sending to GOP-led Senate. Today at 4 pm (Est) on BNC Now! 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