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.
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.
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SOURCE Under Armour, Inc.