Deals
Endeavor Group Agrees to $13 Billion Buyout From Silver Lake
- TKO stake gives deal $25 billion enterprise value: Silver Lake
- Endeavor shares rise as much as 3% with announcement
World Wrestling Entertainment Inc. headquarters in Stamford, Connecticut. Endeavor Group Holdings Inc. is the talent agency and controlling investor in WWE.
Photographer: Johnny Milano/BloombergThis article is for subscribers only.
Endeavor Group Holdings Inc., the talent agency and controlling investor in WWE and the Ultimate Fighting Championship, agreed to be acquired in a $13 billion buyout by the private equity group Silver Lake Management.
Silver Lake, which already owns a 71% voting stake in Endeavor, offered minority investors $27.50 a share for their holdings, according to a statement Tuesday. Endeavor, led by superagent Ari Emanuel, has a market value of about $12 billion. The offer has been approved by an independent committee of Endeavor’s board.