Adidas has reached an out-of-court settlement with rapper Ye to end all legal proceedings between them, the sportswear brand said on Tuesday, adding that no money changed hands in the agreement.

In December 2013, Adidas announced an upcoming shoe collaboration with American rapper and record producer Kanye West, who ...

Adidas reached an out-of-court settlement with the rapper to end all agreements. No money was paid to either party.