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Closing Bell

IMG Worldwide, Turkey-Based Dogus Group Form Joint Venture

IMG Worldwide and Turkey-based conglomerate Dogus Group today announced that they have signed a deal for a 50/50 joint venture. The purpose of the new entity will be to create and develop a broad range of sports, fashion and entertainment projects to be implemented in Turkey, Azerbaijan, Kazakhstan, Turkmenistan and Uzbekistan. Initial plans include building, ownership and operation of venues, as well as sales of sports media and sponsorship rights (IMG).

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