WINSTON-SALEM, N.C. (WGHP) -
ISP Sports, a U.S. college media rights management company based in Winston-Salem, has agreed to be acquired by IMG Worldwide, according to a press release.
ISP will be combined with IMG's existing college sports group, IMG College, which also provides marketing, licensing and media services to universities.
IMG is a global sports, entertainment and media company. A purchase agreement has been approved and signed by both parties. Financial details of the acquisition were not made public.
"We are very pleased to add ISP Sports to IMG's college sports business," said Ted Forstmann, Chairman and CEO of 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."
ISP has 275 employees. Company officials have not said how the merger will affect those employees.
ISP was originally founded in 1992 and currently has marketing agreements with several universities across the country including Wake Forest University, Duke, Georgia Tech and Virginia Tech.
Following the acquisition, the IMG College division will employ over 700 people in 75 offices throughout the country, according to a press release.
ISP will be combined with IMG's existing college sports group, IMG College, which also provides marketing, licensing and media services to universities.
IMG is a global sports, entertainment and media company. A purchase agreement has been approved and signed by both parties. Financial details of the acquisition were not made public.
"We are very pleased to add ISP Sports to IMG's college sports business," said Ted Forstmann, Chairman and CEO of 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."
ISP has 275 employees. Company officials have not said how the merger will affect those employees.
ISP was originally founded in 1992 and currently has marketing agreements with several universities across the country including Wake Forest University, Duke, Georgia Tech and Virginia Tech.
Following the acquisition, the IMG College division will employ over 700 people in 75 offices throughout the country, according to a press release.
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