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UA Under Armour Inc

6.56
0.01 (0.15%)
08 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Under Armour Inc NYSE:UA NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.01 0.15% 6.56 6.63 6.535 6.60 3,465,447 00:41:15

Under Armour Completes Sale Of The MyFitnessPal Platform To Francisco Partners

18/12/2020 4:19pm

PR Newswire (US)


Under Armour (NYSE:UA)
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BALTIMORE, Dec. 18, 2020 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA, UAA), a global leader in branded athletic performance apparel, footwear and accessories, today announced that it has completed the sale of the MyFitnessPal platform to Francisco Partners.

Under Armour, Inc. Logo. (PRNewsFoto/Under Armour, Inc.)

This announcement follows the October 30, 2020 news release in which Under Armour detailed that it had entered into a definitive agreement with Francisco Partners regarding the sale of this business for a transaction value of $345 million, inclusive of the achievement of potential earn-out payments. Debt financing for the transaction was provided by MidCap Financial.

About Under Armour, Inc.

Under Armour, Inc., headquartered in Baltimore, Maryland, is a leading inventor, marketer and distributor of branded athletic performance apparel, footwear and accessories. Designed to empower human performance, Under Armour's innovative products and experiences are engineered to make athletes better. For further information, please visit http://about.underarmour.com.

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/under-armour-completes-sale-of-the-myfitnesspal-platform-to-francisco-partners-301196114.html

SOURCE Under Armour, Inc.

Copyright 2020 PR Newswire

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