Tough integration ahead for WME Entertainment (Dealscape

Although the merger of equals announced Monday between 111-year-old William Morris Agency LLC and 14-year-old Endeavor Agency LLC was preceded by six months of careful deliberation, those affected by the talent agencies' integration can expect at least another six months of pain.

"There's going to be a lot of hurt feelings, up and down the line," said Ken Sonenclar, managing director in the digital media and technology group of New York investment bank DeSilva & Phillips LLC. And that integration pain, he added, "seems likely to spawn new agencies in the near term."

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NOT A SUBSCRIBER? Tough integration ahead for WME Entertainment Posted on April 29, 2009 7:23 AM Although the merger of equals announced Monday between 111-year-old William Morris Agency LLC and 14-year-old Endeavor Agency LLC was preceded by six months of careful deliberation, those affected by the talent agencies' integration can expect at least another six months of pain. "There's going to be a lot of hurt feelings, up and down the line," said Ken Sonenclar, managing director in the digital media and technology group of New York investment bank DeSilva & Phillips LLC. And that integration pain, he added, "seems likely to spawn new agencies in the near term." This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 425 in-depth reports of M&A deals in the Services sector 277 company pages related to Entertainment 50 articles related to DeSilva & Phillips LLC 43 articles related to William Morris Agency LLC 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Idearc Inc. Skadden Arps Deutsche Bank Concho Resources Windstream Corp. Cantor Fitzgerald Pinnacle Foods Lazard Diedrich Coffee MBIA Inc.		EXISTING USERS Username Password Forget your password? Missing a product?

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