Dick's wins bid for Sports Authority intellectual property

Posted online July 1, 2016 | 11:34 am

Dick's Sporting Goods Inc. (NYSE: DKS) has won an auction for bankrupt Sports Authority's intellectual property.

The $15 billion bid includes the Sports Authority brand name, SportsAuthority.com, a loyalty program with 8.5 million members and a list of 114 million customer files.

Dick's also had a successful bid of $8 billion for 31 Sports Authority store leases.

Read more from the St. Louis Business Journal.

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