Endeavor’s $13 Billion Buyout: Going Private With Silver Lake

Endeavor has agreed a deal to be bought by the private equity firm Silver Lake.

Reports indicate the transaction will give Endeavor $13 billion in equity. That does not consider TKO Group Holdings Inc, which formed following a merger between the WWE and UFC. TKO will continue to trade as a public company on the New York Stock Exchange, with Endeavor remaining the majority shareholder. 

CEO Ari Emanuel and Executive Chairman Patrick Whitesell will continue with Endeavor, with Mark Shapiro remaining President. The total value of Endeavor and TKO is approximately $25 billion. The deal is expected to be finalized in the first quarter of next year. Under the agreement, Silver Lake will buy all outstanding shares from Endeavor. Silver Lake is already a majority shareholder in Endeavor, owning 71 percent of the voting shares. The current investors will receive $27.50 per share.

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“Since 2012, Endeavor’s strategic partnership with Silver Lake and Egon Durban have been central to our evolution into the global sports and entertainment leader we are today. We believe this transaction will maximize value for all of Endeavor’s public stockholders and are excited to continue to unlock and invest in the growth opportunities ahead as a private company. TKO is not party to this transaction and will remain a publicly traded company that will continue to benefit from its connectivity to Endeavor’s expertise, relationships, and significant capabilities,” Ari Emanuel said

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