Endeavor sells IMG Academy for $1.25B to private equity firm.
TL;DR Summary
Endeavor Group is set to sell sports-training school IMG Academy to private equity firm EQT's Asian unit in an all-cash deal worth $1.25 billion. The deal will see IMG Academy partner with EQT's portfolio company Nord Anglia Education, which operates premium international schools across 33 countries. The sale comes just days after Endeavor's mixed martial arts franchise UFC agreed to combine with World Wrestling Entertainment Inc. The deal is expected to close in Q3 2023.
- UFC owner Endeavor to sell sports school IMG Academy in $1.25 bln deal Reuters
- Prep sports powerhouse IMG Academy to be sold for $1.25 billion: What does it mean long term? The Athletic
- UFC Owner Endeavor Group to Sell Florida Sports School IMG Academy The Wall Street Journal
- WWE Parent Company Endeavor Sells Sports Training School IMG Academy For $1.25 Billion Wrestling Inc.
- UFC Owner Endeavor Sells IMG Academy for $1.25B to PE Firm Front Office Sports
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
1 min
vs 2 min read
Condensed
73%
278 → 75 words
Want the full story? Read the original article
Read on Reuters