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Trump sold Miss Universe just days after buying NBC’s half of the organization

The 63rd Annual Miss Universe Pageant - Winner Press ConferenceThe 63rd Annual Miss Universe Pageant - Winner Press Conference
Miss Universe Paulina Vega and Donald Trump attend The 63rd Annual Miss Universe Pageant winner press conference at Trump National Doral on Jan. 25, 2015, in Doral, Fla.Photograph by Rodrigo Varela — Getty Images

Donald Trump has just sold the Miss Universe Organization to WME/IMG, Variety reports.

Mark Shapiro, chief content officer at the entertainment company, said that WME/IMG has previous experience working closely with the organization on licensing deals, so it realizes the events’ “incredible potential” as well as the “star-quality” of those who participate. The organization is responsible for producing the Miss Universe, Miss U.S.A., and Miss Teen U.S.A. pageants.

Shapiro added: “The global reach of The Miss Universe Organization and the content opportunities presented by the pageants make this a strong, strategic addition to our portfolio.” Recent additions to the company’s portfolio include the Professional Bull Riders sports league and 13 fashion weeks worldwide, including New York Fashion Week.

This announcement comes just days after Trump announced that he had bought NBC’s half of the organization. The network cut ties with him over the summer following the GOP candidate’s remarks about Mexican immigrants.