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  6. Nike Acquires RTFKT

M&A Deal Summary

Nike Acquires RTFKT

On December 13, 2021, Nike acquired information technology company RTFKT

Acquisition Highlights
  • This is Nike’s 2nd transaction in the Information Technology sector.
  • This is Nike’s 9th transaction in the United States.
  • This is Nike’s 1st transaction in Utah.

M&A Deal Summary
Date 2021-12-13
Target RTFKT
Sector Information Technology
Buyer(s) Nike
Deal Type Add-on Acquisition

Target

RTFKT

Salt Lake City, Utah, United States
RTFKT is a provider of NFT, blockchain authentication and augmented reality to redefines the boundaries of physical and digital value of creators. RTFKT was founded in 2020 and is based in Salt Lake City, Utah.

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Buyer(S) 1

Buyer

Nike

Beaverton, Oregon, United States
Category Company
Founded 1964
Sector Apparel/Textiles
Employees79,400
Revenue 51.4B USD (2024)
DESCRIPTION

Nike is a designer, marketer, and distributor of authentic athletic footwear, apparel, equipment, and accessories for a wide variety of sports and fitness activities. Nike was founded in 1964 and is based in Beaverton, Oregon.

DEAL STATS #
Overall 11 of 11
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 11 of 11
State: Utah M&A 1 of 1
Country: United States M&A 9 of 9
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-30 Hurley

Costa Mesa, California, United States

Founded in1982, Hurley is a clothing company focused on skateboarders and surfers based in Costa Mesa, California.

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Mergr

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