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With this acquisition Adidas also acquired the TaylorMade golf company and Maxfli, which allowed them to compete with Nike Golf. In 1998, Adidas sued the NCAA over their rules limiting the size and number of commercial logos on team uniforms and team clothing. Adidas withdrew the suit, and the two groups established guidelines as to what three ...
On Oct 13, 2008, TaylorMade (an Adidas subsidiary by then) agreed to acquire Ashworth for $72.8M, including $46.3M in debt, giving the transaction a value of $26.5M to shareholders. [12] In May 2017, it was announced that Adidas sold its golf brands to KPS Capital Partners. [13] On September 9, 2019, Ashworth was acquired by YGM Trading Limited ...
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