In addition to paying out fees to Adidas for at least several years through a transition services agreement, Adidas was asking ABG to avoid layoffs of Reebok employees, even as it continued to feed Adidas’ sneaker distribution networks, insiders said.
https://nypost.com/2021/07/09/adidas-auction-of-reebok-takes-a-hit-as-key-bidder-authentic-brands-drops-out/