Properties involved in the pending acquisition are the Bowl Championship Series, The Rose Bowl, the Heisman Trophy and the NCAA, as well as a slew of U.S. colleges and universities (Arizona State, Baylor, Duke, Georgia Tech, Notre Dame, UCLA and Wake Forest).
"We are very pleased to add ISP Sports to IMG's college sports business," says Ted Forstmann, chairman and chief executive officer of IMG. "Ben Sutton [founder and chief executive officer of ISP Sports] and his team have built a terrific company, representing some of the most prominent names in college athletics. This acquisition will complement our existing college business, which is an increasingly significant part of IMG, and demonstrates our continued focus on investing in businesses that provide substantial future growth opportunities for IMG. It will also be terrific for the college sports fan as this combination provides a great opportunity for us to provide more, better and higher quality programming, as well as expanding the base of customers."
Financial terms of the deal were not disclosed, however the
Wall Street Journal
is reporting the transaction to be valued between $80 million and $100 million.
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