Shares of Foot Locker Inc. rocketed 65% higher after hours on Wednesday after the Wall Street Journal reported that Dick's Sporting Goods Inc. was close to a deal to buy the struggling sneaker chain.

Dick’s Sporting Goods is nearing a deal to buy Foot Locker for roughly $2.3 billion, according to people familiar with the ...

Dick’s plans to buy Foot Locker for $2.3B, the WSJ reports—a deal that would affect Chicago’s Mary Dillon, who has led the ...