Silver Lake Partners and William Morris Endeavor Entertainment have taken over a controlling share in IMG Worldwide Holdings from Forstmann Little & Co. The deal is said value IMG at around $2.3 billion. Since Forstmann's takeover in 2004, IMG has been expanding its international reach. It now employs 3,500 people in more than 30 countries. It has diversified strongly from the management of sports champions and sports events into licensing and into the fashion sector, organizing the Fashion Weeks in New York, Milan, London and Berlin. 

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