Endeavor agrees to go private in $27.50 per share deal with Silver Lake

**Breaking News: Silver Lake Acquiring Endeavor Group Holdings for $13 Billion**

In a significant move in the world of entertainment and private equity, Silver Lake has announced its acquisition of Endeavor Group Holdings for $27.50 a share. This acquisition values Endeavor at an impressive $13 billion, marking a strategic milestone for both companies.

Endeavor, known for its work in talent representation, brand licensing, and live events through agency WME, has seen a shift in recent years with acquisitions and divestitures. In 2022, the company acquired OpenBet, a sports betting platform, and in 2023, it sold IMG Academy in a deal worth $1.25 billion.

Ariel Emanuel, CEO of Endeavor, expressed his excitement about the transaction, stating, “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.”

Related:  Merck's drug sotatercept approved by FDA for treatment of rare and fatal lung condition

Silver Lake’s involvement in Endeavor dates back to 2012 when they initially invested in the company and supported the acquisition of UFC in 2016. With this latest transaction, Silver Lake will acquire all shares it does not already own, signaling a new chapter for Endeavor as a private entity.

The deal is expected to close by the end of the first quarter of 2025, and Endeavor’s stock saw a positive response, with a more than 2% increase following the announcement. Throughout the process, Endeavor will remain focused on its core businesses while exploring new growth opportunities.

Stay tuned for more updates on this major acquisition and its implications for the entertainment industry. Extreme Investor Network is your go-to source for exclusive insights and analysis on the latest business news. Subscribe to our newsletter to stay informed about the most significant developments in the world of finance and investment.

Related:  Bentley's plan for all-electric vehicles pushed back to after 2030 due to development challenges

Source link

Leave a Comment