Percy 'Master P' Miller and Baron Davis are in negotiations to purchase Reebok, Miller confirmed to Eric Woodyard of ESPN.

Reebok, currently owned by Adidas, is valued at $2.4 billion. 

Miller adds that he and Davis are "prepared financially" to complete the deal, and have been in negotiations for a couple months.

"Imagine if Michael Jordan owned Reebok? That's what I'm talking about making history," said Miller.