Dick's Sporting Goods In Talks To Acquire Foot Locker At $24 Per Share

Dick’s Sporting Goods is in advanced talks to acquire Foot Locker at $24 per share—an ~90% premium over Foot Locker’s Wednesday close of $12.87. The all-cash deal could finalize as early as Thursday, barring any last-minute snags, and would mark the largest acquisition in Dick’s history. Foot Locker shares surged over 60% in after-hours trading following reports of the deal. The retailer, which owns Champs Sports and operates 2,400+ stores across 26 countries, has faced mounting challenges in 2024 amid Trump’s tariff announcements, shifting Nike pricing, and weak sales guidance. CEO Mary Dillon, who took over in 2022 from Ulta Beauty, has pushed for a digital revamp and renewed brand partnerships with Adidas and others. Meanwhile, Dick’s, led by CEO Lauren Hobart, is doubling down on experience-driven megastores and expanding its reach beyond the U.S. ACQUIRER: Dick’s Sporting Goods TARGET: Foot Locker DEAL SIZE: ~$24/share (~90% premium) SECTOR: Retail / Apparel / Consumer Goods STATUS: Advanced Talks (Not Finalized) #TradedVC #FootLocker #DicksSportingGoods #RetailM&A #ConsumerGoods #AthleticRetail #SneakerDeals #HouseOfSport #StartupNews #MaryDillon #LaurenHobart #VCNews #PrivateEquity #3GCapital #Skechers

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Puppy Sphere Secures Seed Round Of $24 Million From Strategic Investors Including The School Of Hard KnocksPuppy Sphere (@ThePuppySphere), a New York-based wellness brand centered on the human-animal bond, has raised a Seed round from a group of strategic investors including The School of Hard Knocks, Tobi Oluwole, Jake Fleshner, Torch Collective, former Massage Envy CEO David Humphrey, and other founders and operators. Founded by Francesca Albo and Lea Burbidge Izquierdo, Puppy Sphere has scaled its puppy yoga concept into a broader experiential wellness platform with 13 studios, corporate wellness programs, brand partnerships, and live activations, serving more than 450,000 customers and partnering with companies including Google, Amazon, Netflix, TikTok, and the NBA. FUN FACT: Puppy Sphere was born from two Canadian founders’ own mental health journeys and has since grown into 13 studios across North America, $14M+ in cumulative revenue, and 450,000+ customers, all without outside capital. Along the way, the brand has welcomed names like Sabrina Carpenter, Simu Liu, Trevor Noah and Alessia Cara, while building a broader wellness platform around the gentle power of puppy therapy. Now Puppy Sphere is opening its cap table for the first time through a strategic angel round, bringing together leaders across media, consumer growth and wellness, including The School of Hard Knocks, former Massage Envy CEO David Humphrey, growth entrepreneur Tobi Oluwole, and Nucleus Network co-founder Jake Fleshner, alongside a broader group of strategic founders and operators. The vision: bring the gentle power of puppy therapy across the globe. FOUNDERS: Francesca Albo (@FrancescaaAlbo), Lea Burbidge Izquierdo (@LeaburbIz) INVESTORS: The School of Hard Knocks (@TheSchoolofHardKnockz), Tobi Oluwole (@TheTobiOluwole), Jake Fleshner (@JakeFleshner) Torch Collective, Heather Stark, Will Bodewes, Craig Zingerline & more ROUND: Seed VALUATION CAP: $24,000,000 HQ: New York, New York #VentureCapital #PuppySphere #TradedPartner #FrancescaAlbo #TradedVC