WME to acquire Timberlake, Swift agency IMG in $2.3bn deal
WME will acquire rival talent agency, and home to Justin Timberlake, Taylor Swift and others, IMG Worldwide.
The acquisition will go through in a $2.3 billion deal, according to The Times.
Bids for IMG came in on Friday and WME came out on top against competing offers below $1.8 billion from CVC Capital, Chernin Entertainment and a consortium of ICM Partners and the Carlyle Group, according to Billboard insiders.
"IMG has incredible strategic value to WME,” said the latter ...
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