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Nike

Acquired

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The Partnership Agreement: 50-50 or 51-49?

The co-founders initially discussed a 50-50 partnership./nAfter some negotiation, Phil Knight ended up with a 51% stake and Bill Bowerman with 49%./nBowerman's eagerness to go into business with Knight may have been influenced by his past attempts to purchase shoes directly from manufacturers./nScott Reams, a former Nike historian, provided valuable insights into the company's history and collaborated on telling the Nike story.

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