Private equity firm Silver Lake to take entertainment company Endeavor private at $27.50 a share
Publishing timestamp: 2024-04-02 13:39:24
Summary
Private equity firm Silver Lake is acquiring Endeavor Group Holdings for $27.50 per share, with Endeavor's stock rising after the announcement. Endeavor is being acquired at an equity value of $13 billion and the transaction is expected to close by the end of the first quarter of 2025. Silver Lake will acquire 100% of shares it does not already own, while TKO Group Holdings, which owns UFC and WWE, will remain a publicly traded company as part of the deal.
Sentiment: POSITIVE
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