Warriors Switch Flagship Station To KGMZ Penn State, EON Sports Launch VR Channel Domain Names Filed For Las Vegas Desert Knights World Baseball Classic Returns To Dodger Stadium Mark McClusky Named Digital Editor Of SI Group Venus Williams To Star In New Amex Ads Lazarus Says Rio A Financial Success For NBC McIlroy Not Rushing Equipment Decision Fox, SI Reach Digital Content Partnership U.S. Soccer Suspends, Terminates Solo's Contract
IMG Board Approves $2.4B Sale To WME/Silver Lake Group
Published December 18, 2013
WANT MORE GREAT STORIES LIKE THIS?
CLICK ON ONE OF THESE BUTTONS
WME beat out bids from CVC Capital and Carlyle Group for IMG. Evercore and Morgan Stanley managed the sale. Forstmann Little trustee Mark MacDougall oversaw the process. WME was willing to pay more than other finalists for IMG because co-CEO Ari Emanuel believes he can find a way to cut costs by finding synergies between the two companies. Successfully doing that will require blending two distinct cultures and two very different companies.
See today's issue of THE DAILY for more on this story.