Master P has long established himself as an astute entrepreneur and, should his latest goal come to fruition, he’ll be even more achieved.
For, the Hip-Hop mogul has his sights set on acquiring sportswear brand Reebok.
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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.
Master P, who has a pronounced business portfolio, is said to be in talks to take it on alongside NBA All-Star Baron Davis.
And while specifics are being kept under wraps, it seems there is movement behind the scenes.
Went from doing million dollar deals, to billion dollar deals! #Godisgood Took a page out of Reginald Lewis’ book, buying major companies to put money back in our communities and to give our people opportunities. This is only the beginning!
— MASTER P (@MasterPMiller) December 29, 2020
Sources tell Forbes the aim is to complete a deal with one of the many bidders) by March 2021, while Bloomsberg assert Reebok – who recently teamed up with Cardi B – “will decide in the coming months” if a sale is on the cards.