GOP Frontrunner, Donald Trump Divests Interest In Miss Universe Organization
Donald Trump sold the Miss Universe Organization to WME/IMG, completing his divestiture from the beauty pageant group.
Mr. Trump sold the organization 3 days after buying out partner NBCUniversal, a unit of Comcast Corp (NASDAQ:CMCSA).
Terms weren’t disclosed. In a statement Monday, Mr. Trump said the pageants “are now in the hands of a great company that will shepherd them to even greater levels of success.”
William Morris Endeavor Entertainment LLC has expanded beyond its talent agency roots since it united with Silver Lake Management to acquire leading sports and fashion company IMG in Y 2014. The combined company has acquired a top agency for celebrity stylists, as well as Professional Bull Riders, the world’s premiere bull riding circuit.
The company produces more than 21,000 hrs of television and more than 30,000 hours of radio annually, according to a statement on its website.
IMG’s Steve Mayer is an executive producer of “A Season with Notre Dame Football,” Showtime’s documentary series about the college football team. Future productions include the Live Nation Music Awards and a behind- the-scenes New York Fashion Week show with ABC Family.
On 11 September, Mr. Trump wrote on Twitter (NYSE:TWTR) that he acquired the stake in the Miss Universe Organization held by NBCUniversal, becoming the sole owner. “Stay tuned,” he wrote.
Mr. Trump was in talks to sell the entire company to Ari Emanuel and Patrick Whitesell’s WME/IMG, people with knowledge of the matter said at the time.
Stay tuned…
HeffX-LTN
Paul Ebeling
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