Skechers $9.4B Sale Boosts Valuation to Warriors Level

Skechers made a splash when it signed Philadelphia 76ers star Joel Embiid last year to a multiyear endorsement deal that made him the face of its burgeoning basketball division. A year later, the footwear company has been sold for roughly double the value of his team.Skechers (NYSE: SKX) announced on Monday that it has been acquired by investment firm 3G Capital in a $9.4 billion transaction. The company’s shares were up nearly 25% when the market closed. 3G Capital, which is paying $63/sh