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Report: Semel Wants IMG

Terry Semel is considering a bid for talent agency IMG, which is currently owned by Forstmann Little, according to The New York Post. Semel is the former CEO of Yahoo and Warner Bros. Entertainment, and recently met with Teddy Fostmann and his Goldman Sachs bankers to discuss a possible transaction. The article does not identify Semel's financial backers, except to say that he's been meeting with private equity firms and UAE sovereign wealth funds.