Nike (NKE) made the announcement on Wednesday -- days after Pacquiao made comments about how gay people are "worse than animals."
In a statement, Nike said it found Pacquiao's comments "abhorrent."
"Nike strongly opposes discrimination of any kind and has a long history of supporting and standing up for the rights of the LGBT community," the statement read. "We no longer have a relationship with Manny Pacquiao."
The eight-time world boxing champion made the anti-gay comments while campaigning for a seat in the Philippine senate.
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