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Nike to End Partnership with Livestrong

(CNN) — Nike is ending its partnership with Lance Armstrong’s Livestrong charity.

A statement by Nike said it will stop producing new Livestrong products after the 2013 holiday season.

Livestrong issued a statement thanking Nike for helping to raise “more than $100 million to advance the foundation’s mission.”

Nike will continue to support Livestrong by funding the charity directly.

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