* No paywall: [https://finance.yahoo.com/news/dicks-sporting-goods-closes-deal-213019535.html](https://finance.yahoo.com/news/dicks-sporting-goods-closes-deal-213019535.html)
* Paywall: [https://www.reuters.com/business/retail-consumer/dicks-sporting-goods-closes-deal-buy-rival-foot-locker-wsj-reports-2025-05-14/](https://www.reuters.com/business/retail-consumer/dicks-sporting-goods-closes-deal-buy-rival-foot-locker-wsj-reports-2025-05-14/)
(Reuters) - Dick's Sporting Goods was nearing a deal to buy rival footwear retailer Foot Locker for about $2.3 billion, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
The companies have discussed a deal at $24 per share for Foot Locker, the report said. That would represent an 86.5% premium to the stock's last closing price.
Shares of Foot Locker surged 62.32% in extended trading, while Dick's Sporting Goods was down about 5%.
The deal could be finalized as soon as Thursday, the report said.
The companies did not immediately respond to Reuters' requests for comment.
