Technology
Dick’s Acquires Foot Locker For $2.4 Billion, Building Share In Sports And Sneaker Markets
Topline
Dick’s Sporting Goods, the retail market share leader in sporting goods, will acquire Foot Locker, the world’s largest specialty footwear retailer, for $2.4 billion, nearly tripling total store count, expanding its global presence and further solidifying leadership in both the performance athletic sector and the broader sneaker and sportswear markets.
CHICAGO, ILLINOIS – MARCH 11: Merchandise is offered for sale at a Dick’s Sporting Goods store on … More
Key Facts
Dick’s will pay $24 per share for Foot Locker, approximately a 90% premium over its share price before the announcement, or shareholders can choose to receive 0.1168 share of Dick’s common stock for each Foot Locker owned.
In 2024, Dick’s reported $13 billion in revenues, having grown sales by 3.5% year-over-year, while Foot Locker’s revenue totaled $8 billion and declined by 1.9% at constant currency rates.
Dick’s exclusively operates in the U.S. market with 856 stores in a total addressable footwear, apparel and hardline market of $140 billion, while Foot Locker generates about 30% of revenues internationally and targets a $300 billion total addressable global market with a 2,400 retail footprint spanning North America, Europe, the Middle East and Asia-Pacific markets.
The two retailers will continue to operate separately and Dick’s has no immediate plans to open Dick’s stores internationally.
The deal will be financed through a combination of cash and new debt, predicted to deliver between $100 million and $125 million in cost synergies and to close in the second half of 2025, pending regulatory and other approvals.
Key Background
Dick’s said it has been considering acquiring Foot Locker for some time. Dick’s has a strong track record of success with an emphasis on sporting goods and serving performance athletes. It operates 700 Dick’s big-box stores, as well as two highly experiential spinoffs, including 11 Dick’s Field House and 12 Dick’s House of Sports. It also operates about 100 Golf Galaxy stores and a handful of Going Going Gone! stores. Foot Locker, which specializes in “sneaker culture” and more broadly lifestyle-focused customers, has been struggling, most especially after Nike, Foot Locker’s number one brand, shifted its distribution model away from wholesale partnerships to DTC in 2017, a mistake that is currently being corrected under new Nike CEO Elliott Hill. Nike is also the top footwear brand at Dicks. Combined, Nike could represent as much as 30% to 35% of Dick’s and Foot Locker’s combined sales, reported Investopedia.
Crucial Quote
“Dick’s has been phenomenally successful over the past six years. It has consolidated its grip on the sporting goods market, adding an impressive 1.6 percentage points of market share to reach 11.1%. Foot Locker would add an immediate 4.3 percentage points of market share. And there is no doubt Dick’s could help accelerate the transformation of the business that current management has been pursuing – though there is still a lot to do on that front. Plus, there’s the increased buying power against the big sneaker brands, and some back-end synergies. Lot’s to like, some issues to iron out,” shared Neil Saunders, Managing Director, GlobalData Retail.
Nike To Benefit
Nike is expected to be a key beneficiary of the acquisition. “We view this as a positive for NKE, given DKS’ strong management and efficiency. NKE maintains strong ties with both retailers and leads footwear sales across both banners,” wrote Jefferies in a research note. It reported that footwear currently represents 38% of Dick’s business and over half of Foot Locker’s. Nike is the top-selling footwear brand for both. “A better-run FL under DKS leadership would be a net benefit for NKE, reinforcing its distribution strategy and solidifying its position in athletic retail,” it continued.
Chief Critics
In the acquisition conference call, UBS analyst Michael Lasser questioned the poor track record of retail mergers when a strong retailer acquires an underperforming one, like Foot Locker. Apparently, the company’s answer didn’t satisfy, as USB issued a note stating, “There’s a far longer list of retail mergers that were not successful than those that were. Simply put, its difficult to bring together disparate systems, cultures, models, infrastructure and teams. At least some of the benefits are often offset by dis-synergies from integration.” Jefferies analyst Jonathan Matuszewski is similarly cautious, “We see the potential for value creation from a DKS/FL tie-up. We don’t agree with all aspects of the playbook (running the businesses independently, not closing stores), but there are opportunities (improved merchandising, apparel, owned brands). What’s hard to see is the journey ahead as a ‘slam dunk.’”
Tangent
The Dick’s-Foot Locker announcement follows the agreement two weeks ago for 3G Capital to acquire the Skechers sneaker brand for $9.4 billion and take it private. In 2024, Skechers generated $9 billion in revenues, divided about 60%/40% between wholesale and direct-to-consumer. Sketchers operates over 5,000 branded stores, including just over 1,000 internationally. Both Dick’s and Foot Locker sell Skechers footwear.
Further Reading
Dick’s Sporting Goods to Buy Foot Locker for $2.4 Billion (Wall Street Journal, 5/15/2025)
Dick’s Sporting Goods To Buy Struggling Shoe Chain Foot Locker For $2.4B (ABC News, 5/15/2025)
Dick’s Sporting Goods Shares Tumble As Analysts Question Foot Locker Deal, Note Past Failed Retail Mergers (Marketwatch, 5/15/2025)
Technology
Xpoint secures new growth funding supercharging RMG geolocation innovation – Casino & games
Bettor Capital leads the round as Xpoint accelerates product development and global deployment.
Xpoint, a leading geolocation and compliance technology partner to the online real‑money gaming industry, today announced a fresh investment round led by existing investor Bettor Capital.
The capital will fast‑track Xpoint’s R&D roadmap and expand its product and engineering teams, accelerating delivery of next‑generation capabilities to operators worldwide.
Built for gaming from the ground up, Xpoint’s adaptable platform combines fast, accurate precision geofencing with advanced fraud detection to stop spoofing, block unauthorised wagers and surface suspicious activity in real time, helping operators launch and scale confidently in online real-money gaming markets.
With flexible integration and rapid deployment tailored to sportsbook, iCasino, lottery, DFS and sweepstakes use cases, Xpoint provides audit ready compliance automation across multi-state and international markets. The platform also offers unique, patent-pending algorithms at jurisdictional borders to protect revenues and reduce player friction and drop off.
Xpoint’s recent momentum includes successful active and pending deployments with leading brands such as Bet365 and PrizePicks in North America, with more to be announced soon. Xpoint is also live with clients in Brazil and the UAE, including the UAE Lottery and Play971, the first regulated online gaming and sports betting entity in the region.
“This new funding lands at the perfect time for our growth,” said Manu Gambhir, CEO of Xpoint. “We’re scaling up our teams to ship a wave of new capabilities that help operators defeat location spoofing, streamline compliance and convert more good users – without compromising on precision, scale, or speed.”
“We are delighted to significantly increase our commitment to Xpoint to accelerate product development and deployment”, added David Van Egmond, founder and managing Partner at Bettor Capital. “In this industry, robust regulatory and compliance technology is absolutely essential and Xpoint has proven to consistently deliver substantial value to a growing roster of real-money online gaming operators.”
New Jersey–based Bettor Capital is a venture capital firm specialising in early‑stage investments in technology companies within the real‑money online gaming ecosystem. Bettor Capital was among Xpoint’s first institutional backers and has increased its investment over time.
Technology
ASUS Seizes Market Leadership in the OLED Monitor Market as Shipments Soar in 2025
This milestone underscores the company’s commitment to delivering more than just monitors – it reflects a user-first strategy focused on elevating the overall display experience. By expanding its OLED portfolio across both QD-OLED and WOLED technologies for gaming, professional, and creator segments, ASUS ensures solutions are tailored to diverse user needs. Unique innovations such as OLED Care Pro, Neo Proximity Sensor, TrueBlack Glossy, and DisplayWidget Center go beyond performance, enhancing usability, longevity, and visual immersion. This consumer-centric approach transforms OLED monitors into a complete experience, driving user preference for ASUS products and solidifying the company’s position as the No. 1 OLED market leader.
Driving growth through innovation and diversity
ASUS is accelerating its OLED momentum through a broad, innovation-driven portfolio that spans gaming, creator, and professional segments – leveraging advanced panel technologies, robust burn-in protection, and rapid product launches to meet the needs of a diverse and growing user base.
- Broad product lineup: ASUS launched a wide array of OLED monitors in 2025, targeting everything from competitive esports to high-fidelity content creation.
- Advanced OLED technologies: New models, such as the ROG Swift OLED PG27AQWP-W and ROG Strix OLED XG27AQWMG, integrate Tandem OLED technology and TrueBlack Glossy coating, delivering higher peak brightness, wider color volume and enhanced panel longevity.
- Burn-in protection: Proprietary ASUS OLED Care Pro suite – including the Neo Proximity Sensor – helps safeguard panel lifespan by switching the display to a black screen when no user is detected.
- Rapid product cadence: In early 2025, ASUS introduced the 27-inch QD-OLED ROG Swift PG27UCDM (4K @ 240 Hz) and the blazing-fast ROG Strix XG27AQDPG (1440p QD-OLED @ 500 Hz).
Market momentum and strategic vision
TrendForce data reveals that OLED monitor shipments are growing at a breakneck pace – surging by 65% year over year in Q3 2025, with global shipments reaching 644,000 units. The increasing popularity of OLED displays for gaming has been a major, but not the only factor in this growth. As OLED panel technology continues to gain traction among gamers, the strategic investment and execution by ASUS have allowed it to rise swiftly in market share, overtaking long-time rivals.
Beyond gaming, ASUS ProArt OLED monitors are a favorite among content creators who need to pair next-level contrast and color performance with professional-grade accuracy, multiple HDR format support, wide-ranging connectivity, and intelligent calibration tools. ASUS ZenScreen OLED monitors give PC users of all kinds the superior color performance of OLED panels in a portable form factor.
Vincent Chiou, ASUS Global Vice President and General Manager of the Display Business Unit, observed: “ASUS has long been dedicated to innovation in display technology and impeccable quality. In addition to receiving high praise from gamers, the industry-leading ROG gaming monitors and the ProArt series designed for content creators have also made significant inroads into portable and medical fields, earning widespread recognition and favor. Moving forward, ASUS will continue to prioritize user needs at its core, delivering an unparalleled visual experience to consumers.”
The ASUS commitment to innovation
PC users of all kinds can expect to see ASUS to continue to innovate in this space with new OLED monitors that debut new panel technologies into diverse form factors, deliver enhanced reliability and performance in a variety of usage scenarios, and push the envelope with even higher-performance designs.
Technology
Brightspeed invests $580,000 in STEM and esports, supporting North Carolina schools and programs — EdTech Innovation Hub
The new funding announced will support schemes including $350,000 in sponsorship of the Coca Cola All Stars Golden Ticket contest, Formula STEM Esports Cup and the Player League Madden NFL tournament.
Brightspeed will also act as a primary sponsor for two Bright Future Tech Labs in Triton High School and Orange High School, with funding worth more than $200,000.
The company will also spend $15,000 on scholarships, equipment, and esports program travel for Wesleyan University and $10,000 on a grant supporting the Rocky Mount High School Gryphon Elite esports team.
Brightspeed has also announced sponsorship for the Wake Forest Parks, Recreation and Cultural Resources Department’s four-part esports tournament, called the Battle in the Forest.
“Investing in technology education and esports is a natural extension of our commitment to North Carolina,” explains Sabrina Anderson, Local Marketing Manager at Brightspeed.
“As we build a world-class fiber network across our home state, we’re equally focused on expanding opportunities for the students who will power our communities tomorrow. These initiatives give young people hands-on access to the tools, skills and experiences that prepare them for the digital future.”
“This scholarship will help ease the financial burden my parents carry in supporting my academic journey,” adds Shafiq Nuijts, a Wesleyan University student and recipient of Brightspeed funded scholarship. “It will also allow me to focus more deeply on my education and my internship this upcoming summer. As an international student, my experience has always involved balancing the challenges of maintaining my F-1 status, keeping a high GPA and reassuring my parents that their investment in me is being put to meaningful use. This scholarship affirms that commitment and motivates me to continue striving for excellence.”
Technology
Gaming Computers Market to Reach USD 95 Billion by 2034, Growing
Gaming Computers Market
Pune, India – Exactitude Consultancy – The global Gaming Computers Market is expected to witness strong growth over the forecast period, driven by the rising popularity of esports, increasing demand for high-performance computing, and continuous advancements in graphics and processor technologies. The market, valued at approximately USD 44 billion in 2024, is projected to reach nearly USD 95 billion by 2034, expanding at a compound annual growth rate (CAGR) of about 7.9%.
Gaming computers, including desktops and laptops, are designed to deliver superior performance, high-resolution graphics, and fast processing speeds to support immersive gaming experiences. Growing online gaming communities and professional gaming platforms are further accelerating market growth.
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Key Growth Drivers
• Rapid Growth of Esports and Online Gaming: Competitive gaming tournaments and streaming platforms are boosting demand for high-performance gaming systems.
• Advancements in Hardware Technology: Continuous improvements in GPUs, CPUs, cooling systems, and memory are enhancing gaming performance.
• Rising Disposable Income: Increasing consumer spending on premium electronics is supporting adoption of gaming computers.
• Expansion of Virtual and Augmented Reality Gaming: Demand for powerful computing systems to support VR and AR applications is increasing.
Market Segmentation Insights
By product type, gaming desktops hold a significant share due to superior customization and performance, while gaming laptops continue to gain popularity for portability.
By price range, mid-range and high-end systems dominate the market, driven by demand from professional and enthusiast gamers.
By end user, individual consumers account for the largest share, followed by gaming cafes and esports organizations.
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Regional Overview
Asia-Pacific represents the largest and fastest-growing regional market, supported by a large gamer population, strong esports culture, and expanding gaming infrastructure in countries such as China, South Korea, Japan, and India.
North America shows strong growth driven by high adoption of advanced gaming hardware and a mature esports ecosystem.
Europe continues to expand steadily due to rising gaming participation and technological innovation.
Latin America and the Middle East & Africa are emerging regions, supported by increasing internet penetration and growing gaming communities.
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Competitive Landscape
The gaming computers market is highly competitive, with major players focusing on performance optimization, innovative designs, and brand partnerships. Companies are investing in advanced cooling technologies, RGB customization, and AI-enabled performance tuning to differentiate their offerings.
Market Outlook
With the gaming industry continuing to evolve rapidly, the Gaming Computers Market is expected to experience sustained growth through 2034. Increasing esports adoption, next-generation gaming technologies, and expanding digital entertainment consumption will remain key drivers of market expansion.
This report is also available in the following languages : Japanese (ゲーミングコンピュータ市場), Korean (게이밍 컴퓨터 시장), Chinese (游戏电脑市场), French (Marché des ordinateurs de jeu), German (Markt für Gaming-Computer), and Italian (Mercato dei computer da gioco), etc.
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Technology
EAG Expo to Bring Together Three Interlinked Sectors of Entertainment and Gaming in a Single Venue
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Technology
Sultan Almasoud on the Top Trends in Technology and Esports in Saudi Arabia – Tech & Sourcing @ Morgan Lewis
Dr. Sultan Almasoud, managing partner of Morgan Lewis’s Riyadh office, has been closely involved in the Kingdom of Saudi Arabia’s rapid evolution into a global hub for innovation. His insights on the questions below shed light on the trends reshaping technology and esports—and the opportunities they unlock for investors and operators entering the market.
Q&A: SULTAN ALMASOUD
1. What are the most significant technology trends currently driving growth in Saudi Arabia?
Saudi Arabia is undergoing one of the most ambitious digital transformation journeys in the world. The most significant trend is the rapid adoption of AI across government, financial services, healthcare, and industrial sectors. Vision 2030 has accelerated investment in AI-ready infrastructure, digital identity, automation, and data platforms that support new digital services at scale.
We also are seeing strong momentum in cloud migration, driven by hyperscaler expansions, data localization policies, and new solutions that make it easier for public and private entities to adopt cloud-native technologies. In parallel, fintech innovation, digital payments, and open banking are creating a dynamic ecosystem of startups, investors, and regulators working together to modernize the financial landscape.
In addition, Saudi Arabia’s giga projects are acting as large-scale accelerators for advanced technologies, while strong regulatory frameworks around data, cloud, and cybersecurity are providing international investors with clarity and confidence. Combined with significant investment in digital talent and localization, this is enabling sustainable, long-term technology-driven growth across the Kingdom.
2. How is Saudi Arabia positioning itself as a global hub for esports?
Saudi Arabia has made esports a national priority, fundamentally reshaping the sector. The launch of the Saudi Esports Federation (SEF) and the Esports World Cup, supported by major public investment commitments, has placed the Kingdom at the center of global competitive gaming.
But the strategy extends beyond events. The country is developing training academies, production studios, esports arenas, and digital platforms that sustain year-round player and audience engagement. This ecosystem-driven approach is drawing global publishers, teams, and content creators who now view Saudi Arabia as a foundational market for long-term esports growth.
3. What opportunities do you see emerging for investors and companies entering the Saudi tech and esports market?
There is tremendous opportunity at the intersection of technology, entertainment, and digital infrastructure. For technology companies, opportunities are especially strong in AI solutions, cybersecurity, cloud services, digital identity, and smart city platforms.
In esports, the most compelling opportunities lie in content creation, talent development, gaming studios, tournament production, and technologies supporting broadcasting, analytics, and community engagement. Investors who understand the regulatory environment and align with the Kingdom’s long-term vision will find a market eager for strategic partnerships.
4. What challenges should companies keep in mind when operating in these fast-evolving sectors?
These sectors are evolving quickly, which makes regulatory navigation an important challenge. Companies need to stay aligned with requirements around licensing, content regulation, data protection, and foreign investment—areas that are developing alongside the industry itself.
Another key challenge is specialized talent. Whether it”s game design, AI engineering, or esports event management, building local capability is essential. Companies that invest early in training programs, knowledge transfer, and local partnerships will be best positioned for sustainable growth.
Ultimately, success requires a long-term commitment to the market, strong local relationships, and an understanding of national priorities as the Kingdom advances its digital transformation goals.
KEY TAKEAWAYS
Saudi Arabia is positioning itself at the forefront of global innovation, with technology and esports playing central roles in the nation’s economic transformation. As investment accelerates and new digital ecosystems emerge, companies that build strategic partnerships and engage deeply with local priorities will be poised to lead. Morgan Lewis is committed to helping clients navigate this dynamic landscape and capture the opportunities shaping the Kingdom’s digital future.
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