06:09 PM EDT, 05/14/2025 (MT Newswires) -- Dick's Sporting Goods (DKS) is in advanced talks to acquire Foot Locker ( FL ) in a deal valued at about $2.3 billion, The Wall Street Journal reported Wednesday, citing people familiar with the matter.

The parties have discussed a purchase price of $24 per share for Foot Locker ( FL ), and a deal could be finalized as soon as Thursday, barring any last-minute issues, the report added.

Dick's Sporting Goods and Foot Locker ( FL ) didn't immediately respond to a request for comment from MT Newswires.

Foot Locker ( FL ) shares surged more than 65% in recent after-hours activity.

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