Dick's Sporting Goods Reportedly Finalizing $2.3 Billion Purchase

Dick's Sporting Goods is reportedly closing in on a major purchase in the sporting goods space.

The Pittsburgh-based company, which is the largest sporting goods retailer in the country, is nearing a deal to acquire rival Foot Locker, according to the Wall Street Journal.

If finalized, the agreement is reportedly worth $2.3 billion and could be wrapped up as early as Thursday.

"The sides have discussed a deal at $24 per share for Foot Locker, the people said," wrote Lauren Thomas of the WSJ.