Deals
Silver Lake Said in Deal for $2.4 Billion Purchase of IMG
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Silver Lake Management LLC and William Morris Endeavor Entertainment LLC agreed to buy IMG Worldwide Inc. creating an agency with top talent cutting across both sports and entertainment.
The companies are paying about $2.4 billion to buy IMG from Forstmann Little & Co., according to a person with knowledge of the matter who asked not to be identified as the information is private. The deal was announced today in a statement that didn’t include terms.