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Play by Play: Cowboys' Witten Retiring from NFL, Steelers' Shazier Given $8.26 Million USD and Jays' Donaldson Back in Action

Fitbit Eyes M&A Opportunities, NZ OIO Considers VF Corp Lawsuits “Normal Part of Doing Business” and Under Armour Launches Steph Curry App

Stocks Mentioned (NYSE: $FIT), (NYSE: $VFC), (NYSE: $UA)

Play by Play – the latest sports headlines and sports stock news

 

Point Roberts, WA and Delta, BC - May 3, 2018 (Investorideas.com Newswire) Investorideas.com, a leader in investor news and research issues today's edition of Play by Play covering what's new in sports headlines and recent news from publicly traded companies in the sector.

Play by Play – the latest sports headlines and sports stock news

Cowboys' Witten Retiring from NFL, Steelers' Shazier Given $8.26 Million USD and Jays' Donaldson Back in Action

Dallas Cowboys tight end Jason Witten is retiring from the NFL and joining ESPN's Monday Night Football as an analyst, according to an ESPN report. Sources say it was a difficult decision for Witten:

"Witten wrestled with the decision for the past week, alternating almost hourly between taking the job and playing a record 16th season for the Cowboys, sources said. He has informed owner and general manager Jerry Jones and coach Jason Garrett of his decision."

The Pittsburgh Steelers have converted the majority of injured linebacker Ryan Shazier's base-salary into a signing bonus according to ESPN. Shazier, who is recovering from spinal surgery for an injury received last season against the Cincinnati Bengals, will receive $8.26 million USD of his $8.72 million USD base salary immediately. ESPN reports that though Shazier may not play again, his recovery has shown some headway:

"While his football career remains in doubt at this point, he has made notable progress, including an inspiring moment in which he walked across the stage to announce a team draft choice during the 2018 NFL draft last week in Arlington, Texas."

theScore reports that third baseman Josh Donaldson has been activated from the disabled list (DL) to rejoin the Toronto Blue Jays in Cleveland today. Donaldson was put on the DL after sustaining inflammation in his right shoulder on April 13. With Donaldson back, first baseman Justin Smoak was correspondingly placed on the paternity list.

Sports stock news

Fitbit Eyes M&A Opportunities, NZ OIO Considers VF Corp Lawsuits "Normal Part of Doing Business" and Under Armour Launches Steph Curry App

Stocks Mentioned (NYSE:FIT), (NYSE:VFC), (NYSE:UA)

Fitbit Inc.'s (NYSE:FIT) tracker sales missed expectations in Q1 which contributed to a fall in overall revenue according to a piece in MarketWatch. After first quarter earnings were reported the company expects to see "worsened decline in Q2 versus Q1", in the tracker business according to Fitbit CFO Bill Zerella. The company said it will look for "targeted M&A" opportunities to help the business.

New Zealand's Scoop reports that the Overseas Investment Office considers apparel company VF Corp's (NYSE:VFC) civil lawsuits to be "a normal part of doing business" and that they "don't reflect badly on the company". VF Corp announced the acquisition of New Zealand's Icebreaker Holdings Ltd on April 3.

Under Armour (NYSE:UA) has launched a new basketball trivia app called Steph IQ, wherein players answer questions related to NBA player Steph Curry. According to Business Insider, players who answer correctly could win "sneakers, NBA playoff tickets, or Under Armour gift cards"

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