WME Will Take Three To Six Months To Complete IMG Acquisition
Published December 20, 2013
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William Morris Endeavor’s acquisition of IMG will take three to six months to complete. During that time, IMG will continue to operate as an independent company. WME co-CEOs Ari Emanuel and Patrick Whitesell are slated to run the business after the deal is completed, and they plan to continue to use the IMG name after taking over the company. The co-CEOs traveled this week to IMG’s offices in Winston-Salem and London to meet with staff and share their vision for the company.
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WME’s $2.35B agreement to buy IMG did not require any of IMG’s management to remain, but Emanuel and Whitesell have asked IMG Sports & Entertainment President George Pyne and IMG College President Ben Sutton to stay. IMG staff have been asked to continue to conduct business as usual.