Silver Lake to take Endeavor private at $27.50 per share | Wilnesh News

private equity firm silver lake Entertainment company acquisition announced Tuesday Endeavor Group Holdings $27.50 per share.

Endeavor’s shares were up more than 2% on Tuesday afternoon after briefly pausing ahead of the announcement. Each share trades at just under $26.

Silver Lake will acquire 100% of the shares it does not already own. Endeavor will be acquired for an equity value of $13 billion, according to a release from the entertainment company.

The transaction is expected to close by the end of the first quarter of 2025.

“We believe this transaction will maximize value for all of Endeavor’s public shareholders and are excited to continue to unlock and invest in future growth opportunities as a private company,” Endeavor CEO Ariel Emanuel said in a statement.

Endeavor represents talent through WME Agency and provides brand licensing and live events. It has transformed in recent years.

In 2022, the company acquired OpenBet, a sports betting platform. In 2023, it IMG Academy for Salea physical education institution, with a transaction value of US$1.25 billion.

Endeavor is also a major shareholder in the company Tseung Kwan O Group Holdings, owns UFC and WWE. As part of the transaction, TKO will continue to be a publicly traded company.

Endeavor has previously said it would explore strategic alternatives, including a possible sale.

Silver Lake originally invested in Endeavor in 2012 and backed the company’s acquisition of UFC in 2016. Silverlake’s co-chief executive Egon Durban and managing director Stephen Evans were on Endeavor’s board of directors before the acquisition.