William Morris Endeavor and their private equity backers Silver Lake announced Wednesday morning they have finalized an agreement to acquire talent and sports agency IMG. WME’s co-ceos Ari Emanuel and Patrick Whitesell say in the release, “IMG has incredible strategic value to WME. The brand’s global reach, outstanding management team and leadership across sports, fashion and media are a strong complement to our business.” The announcement also notes that “Mubadala Development Company will be a minority investor in the transaction.” (It’s an investment vehicle of Abu Dhabi.) While the final price was not officially disclosed, multiple accounts had the winning bid […]
