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Nike
Acquired
Phil Knight's Takeover of Tiger Shoes
Aniz Tzuka offered to buy 51% of Blue Ribbon and keep Phil Knight as a minority partner. The book value of the company, which has its capital tied up in inventory, is zero. So it's a terrible deal. It's a takeover. And so Phil Knight's basically just like, I don't want to piss them off by declining. He knows at this point that he's done with Aniz Tzuko. They're going to go with Nisha and they're going to set up their own factory relationships and make their own shoes.
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