September 7, 2024 4:56 pm
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New York firm acquires majority share of Barrett-Jackson

(Disclosure: Rose Law Group represents Barrett-Jackson)

By Brandon Brown | Phoenix Business Journal

IMG, the New York-based sports, media and fashion management company, acquired the majority share of Barrett-Jackson, the Scottsdale-based collector car auction company, for $261.25 million, the two firms announced Thursday.

Under the deal, IMG has agreed to acquire 55% of Barrett Jackson for $248,725,003.65 in cash and 563,935 newly-issued shares of Endeavor Group Holdings Inc. (NYSE: EDR) class A stock. Endeavor is a sports, media and entertainment conglomerate and the parent company of IMG.

Read the full subscription story from the Phoenix Business Journal.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.