People who were familiar with the auction process told Reuters that KKR & Co LP had dropped out of the race to acquire talent agency IMG Worldwide Inc, while buyout firms have partnered up in the hopes of gaining a strategic advantage in the auction.
IMG Worldwide Inc
Breaking News
According to sources interviewed by Bloomberg, New York-based private equity firm Forstmann Little & Co had shortened its list of potential bidders for IMG Worldwide Inc, its talent agency, to five.
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