NEW YORK — Sports Illustrated magazine has been sold for $110 million to a company that specializes in managing fashion, entertainment and sports brands, including marketing rights to Shaquille O'Neal and Muhammad Ali.

The seller, Meredith Corp., will continue running the print edition and the website SI.com for at least two years. Its editor and publisher are staying on, and the magazine will have editorial independence.

It's not clear what will happen after two years, though it's possible Meredith and the new buyer, Authentic Brands Group, could extend their licensing deal, terms for which weren't disclosed.

Sports Illustrated, which began publishing in 1954, covers sports and has an annual swimsuit edition.

Meredith and Authentic say Sports Illustrated has an audience of more than 120 million people online and in print. The magazine, however, has struggled as print advertisers flee for the Internet and digital sports outlets crop up. ESPN, for example, said in April that it would shut down its print magazine.

NEW YORK — Walmart has hired a tech veteran whose resume includes stints at Amazon, Microsoft and Google for a newly elevated position of chief technology officer and chief development officer.Suresh Kumar, who was most recently at Google as its vice president and general manager of display, video, app ads and analytics, will report directly to Walmart’s CEO Doug McMillon.The moves come as Walmart is trying to compete better with Amazon and other technology companies.Walmart Inc.’s former chief technology officer Jeremy King left the company in March to join Pinterest. The retailer emphasized that Kumar is not a replacement for King but rather assumes a much larger global role and will set the company’s technical strategy. King had reported to Walmart’s U.S e-commerce chief Marc Lore.Kumar starts July 8.