The long-running auction for talent and sports agency IMG may be limping to a conclusion rather than leaping there. Final bids were due on Friday, from William Morris Endeavor (and their private equity backer Silver Lake) and the partnership between Peter Chernin and CVC Capital. (By some accounts ICM dropped out already, but the NYT thinks they are still bidding, with financing from the Carlyle Group.) But all accounts speculate that the price will fall well below the $2.5 billion to $2.7 billion that the owners were looking for. Sources are indicating the bids are in the range of $2 […]
