Master P and Baron Davis have lost out on their bid to purchase the iconic shoe brand Reebok. According to Forbes, Adidas owned the struggling shoe brand and was looking to sell it for around $2.4 billion, but it was announced that Authentic Brands Group closed the deal this week for $2.5 billion.

What shoe company does Master P own?

Nearly 20 years ago, he created his P Miller Jump-Offs performance basketball shoes, and in 2019, he launched the luxury sneaker label MoneYatti. Adidas acquired Reebok for $3.8 billion in 2005.

Who is Reebok owned by?

Sixteen years after acquiring Reebok for $4 billion, the German sportswear giant Adidas is selling it for a little more than half that to Authentic Brands Group, the voracious acquirer of struggling brands.