Which major sports brand merger occurred in 2003 when the parent company acquired a legendary basketball footwear and apparel brand for approximately $305 million?

The sports industry has seen numerous strategic mergers and acquisitions that have reshaped the competitive landscape. These business moves often combine complementary strengths, expand market reach, or consolidate industry power. Test your knowledge about one of the most significant brand mergers in sports history that created a powerhouse in the athletic footwear and apparel market.

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Adidas acquiring Reebok
Nike acquiring Converse
Under Armour acquiring Puma
New Balance acquiring Asics