As first reported by Sports Business Daily, IMG is acquiring ISP Sports in a blockbuster deal that will shake up the face of college sports.

A definitive purchase agreement has been approved and signed by the parties, though certain regulatory approvals and closing conditions must still be met. Financial terms of the transaction were not disclosed.

ISP, headquartered in Winston-Salem, NC, has the rights to Alabama, Arizona State, Auburn, Baylor, California, Duke, Georgia, Georgia Tech, Notre Dame, South Carolina, Syracuse, UCLA, Virginia Tech, Wake Forest and Washington, among others.
ISP will be combined with IMG's existing college sports group, which provides marketing, licensing and media services to universities.

"We are very pleased to add ISP Sports to IMG's college sp...