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On Saturday, I was told that Lagardère Unlimited was looking at the possibility of purchasing IMG Worldwide. I received the unsolicited tip from a credible source and quickly found another person who backed up the claim. While I went ahead and tweeted what I had heard, I was still questioning just how much, if at all, Lagardère […]
In 2004, Theodore (Ted) Forstmann became the Chairman and CEO of IMG for the small purchase price of $750 million. Forbes has determined that the 71-year-old Forstmann has a net worth of $1.8 billion. Unfortunately, there is no amount of money that can buy a clean bill of health. Earlier this year, Forstmann was diagnosed with […]