Mega agency to represent both actors and athletes

Hollywood agency William Morris Endeavor Entertainment is expected to buy the sports agency called IMG Worldwide. 

WME's co-CEO said the sports agency holds an "incredible strategic value" and "leadership across sports, fashion, and media are a strong complement to our business."

WME will beat a bid from a private equity firm and pay about $2.4B. 

The Journal explained that this deal proves the fact that Hollywood stars aren't what they used to be; contracts for A-list actors have significantly fallen off. 

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