Chip Wilson, the wealthy founder of Lululemon, and Tencent Holdings are in discussions to join China's Anta Sports Products in its proposed €4.7 billion bid for Amer Sports, according to Bloomberg. Wilson, who is considered an expert in athleisure, would hold a 20 percent stake in the combined entity, while Tencent would hold a share of between 5 and 10 percent. The news agency has also reported that Anta is syndicating a €2.2 billion credit facility in Europe and a seven-year loan of €1.7 billion in Asia to fund the deal. As previously reported, FountainVest, the private equity firm based in Hong Kong, is supporting the transaction, too.

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