Adidas reaches settlement with rapper Ye

 Adidas has reached a settlement with rapper Ye to end all legal proceedings between them, the sportswear brand said on Tuesday, without giving a value for the deal.

Adidas and Ye had been embroiled in multiple lawsuits for the past two years, since the German company ended a partnership with the rapper previously known as Kanye West over antisemitic comments he made.

"There aren’t any more open issues, and there is no... money going either way," CEO Bjorn Gulden told reporters on a conference call.