Silver Lake To Take Endeavor Private In $13 Billion Deal
Endeavor Group Holdings, a global sports and entertainment company, will be acquired by investment firm Silver Lake in a take-private deal valued at $13 billion.
Endeavor stockholders will receive $27.50 per share in cash, representing a 55% premium over the unaffected share price. This marks the largest private equity sponsor public-to-private transaction in over a decade for the media and entertainment sector.
Silver Lake has been a long-time partner of Endeavor, having invested in the company since 2012. The deal builds on their existing relationship and will allow Endeavor to operate as a private company.
Endeavor CEO Ariel Emanuel expressed confidence in the deal, stating it will allow them to "unlock and invest in the growth opportunities ahead." Silver Lake reaffirmed their belief in Endeavor's leadership and future potential.
The transaction is expected to close by the end of the first quarter of 2025. Upon completion, Endeavor's common stock will cease trading publicly.
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