Amazon has announced a $1 billion deal to buy Adidas, Under Armor, and Nike for $2.1 billion, a deal that is expected to close early next year.
The deal is expected be the largest ever made by a U.S. company.
The acquisition will bring Adidas to the U.K. as well as Amazon’s U.A.E. and China markets.
The Amazon deal also includes the acquisition of Under Armour, which has been a dominant force in men’s apparel for decades.
Under Armour will also continue to operate in other markets as well, including India and Brazil.
The news comes on the heels of Amazon’s announcement of a $6 billion purchase of Whole Foods for $66 billion, which will include the purchase of Target.
Under Armor will continue to have a strong presence in men and women’s athletic apparel.
“Today, we’re delighted to bring this world-class company to Amazon,” Under Armour Chief Executive Dan Ammann said in a statement.
“Together, we will build an even stronger marketplace where our customers can buy everything they need, anytime, anywhere.
The combination of our teams, team members, and brands will help create an even more compelling marketplace for our customers.”
Adidas will continue as the global leader in sports apparel.
It is the world’s largest sports brand with sales of $5.6 trillion.
UnderArmour will continue on as a subsidiary of UnderArmore.
Nike, meanwhile, will continue in its current form as a standalone company.
Amazon has not revealed how much it paid for UnderArmory or what its stock price is.
The U.KS.-based company announced the deal during its third-quarter earnings call, and it said the combined companies will have a market value of $2 billion.
Amazon will make its initial public offering of the deal on Tuesday.