This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Business News Deals Live Business
William Morris Endeavor acquires IMG
By Chris Cooke | Published on Friday 20 December 2013
Talent agency William Morris Endeavor earlier this week confirmed it was acquiring one of its major competitors in a $2.3 billion deal backed by private equity group Silver Lake.
The combination of WME and IMG Worldwide will create a talent management and partnership powerhouse, with particular significance in the sports domain where IMG was strongest. Though it will also further extend WME’s reach into the live music space too, with IMG working with both Taylor Swift and Justin Timberlake.
Confirming the deal, WME bosses Patrick Whitesell and Ariel Emanuel said in a statement: “IMG has incredible strategic value to WME. Supported by Silver Lake’s continued partnership, WME and IMG together will deliver a broad range of opportunities and resources to the companies and talent we collectively represent”.