IMG Takes On Another $1.1 Billion in Outside Money
03 Août, 2017, 04:00 | Author: Marc Bacque
WME-IMG is in final negotiations to land a major $1.1 billion infusion led by a Canadian pension plan fund and a Singaporean wealth fund, an individual with knowledge of the investment told TheWrap. The deal is expected to close in mid-August.
On Wednesday, WME-IMG - the agency that purchased the UFC past year for over $4 billion - just received another $1.1 billion in funding. Silver Lake Partners, the private equity firm that owns a major stake of WME-IMG, announced the deal Tuesday in a letter to its investors.
In a letter to its investors, Silver Lake said the new investment will make it possible to buy out some minority partners in the UFC and to allow some of WME-IMG's senior management and investors to take cash out. In 2013, the agency and the investment firm unveiled an agreement to acquire IMG Worldwide for $2.4 billion.
Apple's iPad slump is over
As John Gruber pointed out on DaringFireball , unit sales were up 15%, but iPad revenue only increased by 2%. This resulted in $8.72 profit for the quarter from 41m iPhones, 11.4m iPads, and 4.29m Macs sold.
SMU Students Object to New Rules on Displays
Wolf is stumped by the school's decision to limit lawn displays to a green space farther from the main academic buildings. SMU informed YAF that displays are now forbidden on the Dallas Hall lawn.
Last year, WME-IMG received a $250 million investment from Japan's SoftBank, followed by a $55 million investment from mutual fund giant Fidelity Management and Research Co. Since its initial infusion of funds, the agency has bet big on acquiring companies, both at home and overseas, from across the fashion and sports worlds.
"Silver Lake's long-term thesis based on the increasing value of premium/live content accelerated by tech/media convergence continues to fuel growth for WME-IMG", the note states.
Silver Lake reassured investors that the valuation was approved by the Limited Partner Advisory Committees of two Silver Lake funds, Silver Lake III and Silver Lake IV.
He has yet to serve a single day, however, having remained free while prosecutors determined whether he was fit for incarceration. Oskar Groening was found guilty of complicity in mass murder and sentenced to four years in prison in 2015.
Each team previously had two challenges per game, and a third was earned if a coach was successful with the first two challenges. It was put in place to fix egregious and indisputable mistakes that could affect the outcome of a game.
The Central-GST would be imposed on intra-state supplies in the state and the integrated tax on inter-sate supplies. GST has lowered taxes from standard 36 per cent to either 28 per cent to 18 per cent, he said.
The vehicle was en route to Malawi.The man was arrested and was found in possession of cash with an estimated amount of R30 000. The vehicle and donkeys were abandoned in the middle of the river and the suspect fled into Zimbabwe.
The Bundesliga champions return to pre-season action on Tuesday night when they face Liverpool in the Audi Cup. Bayern last won the competition in 2013, while Ancelotti guided Real Madrid to "La Decima" a year later.
Cambridge Investment Research Advisors Inc. bought a new position in Radian Group during the first quarter worth about $253,000. The insurance provider reported $0.48 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.40 by $0.08.
The move illustrates the faith Adidas has in the MLS to grow in popularity and develop into a major American sports league. Key to the agreement is an expanded focus on youth development to drive creativity in sports for young athletes.
No wonder the Trump administration is skeptical that the United Nations can produce anything useful to deter North Korea. Baek said he thinks the US has similar views. "If there's going to be a war to stop him, it will be over there".
Managers are now pressing ahead with their plans for the summer transfer window so we'll bring you all the latest news and gossip from around the globe.
Selena's Brother Is A Top 10 Most Wanted Fugitive!
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Christie said Joseph heckled him once, and that he confronted him after a second jibe. "I will take a certain amount of abuse. Christie, 54, mockingly told the fan "you're a big shot" in an exchange captured on video and widely shared via Twitter.
Senate Democrats say 'no' to cuts for rich in GOP tax plan
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Gene editing widely used in range of research — Science Says
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Une hausse timide en attendant Apple — Wall Street
Toutefois, le lecteur reste seul responsable de leur interprétation et de l'utilisation des informations mises à sa disposition. L'indice des directeurs d'achat pour ce secteur est ressorti à 56,3, à comparer avec 57,8 en juin.
Here's our First Look at Domino in Deadpool 2
Beetz looks at home in the figure-hugging spandex, even though this is the first major movie for the German-American actress. In the midst of " Deadpool 2's " production, new photos from the sequel's set were also circulating online.
Seaspan Corporation (NYSE:SSW) Lowered to "Hold" at BidaskClub
COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Stock Observer and is the property of of Stock Observer. Zacks Investment Research's price objective would indicate a potential upside of 8.36% from the company's previous close.
Kelly sworn in as Trump's second chief of staff
Scaramucci was quite outspoken as the White House communications director, calling Priebus "paranoid schizophrenic, a paranoiac". But the quality of the lodging got a defender in someone with more experience in the White House lifestyle that Trump.