UFC Parent Endeavor Going Private in $13B Deal with Silver Lake

Endeavor Group Holdings, Inc. (NYSE: EDR) is being taken buck private past hazard capital letter house Silver Lake inwards a dealings valuing the place at $27.50 a share, or an equity time value of $13 billion.

Silver Lake, which owns 71% of the voting buy in in Endeavor, announced endure October it was seeking alternatives for the entertainment and sports company, including taking it private. The $27.50 a portion out offer up values the target area at a substantial insurance premium congenator to the $17.72 per part price it shut at on the day Silver Lake unveiled plans to explore alternatives for the company. The takeover toll is also to a higher place Endeavor’s closure hold of $25.81 today.

Under the terms of the agreement, Silver Lake testament acquire 100% of the salient shares it does not already own, other than trilled interests. Endeavor stockholders testament take in $27.50 per deal inward cash, representing a 55% insurance premium to the unaffected divvy up cost of $17.72 per percentage at marketplace tightlipped on Oct 25, 2023, the shoemaker's last full trading daytime prior to Endeavor’s annunciation of its brushup of strategical alternatives, and a 39% premium to Endeavor’s unaffected 30‐day volume-weighted mean(a) cost (VWAP), “ according to a statement.

The trade is slated to tight by the destruction of the number 1 canton of 2025.

UFC Will Remain Public Company

Silver Lake has been an investor inward Endeavor since 2012 with the former supporting the latter’s 2016 acquisition of the Ultimate Fighting Championship (UFC).

UFC went on to become unity of the jewels in the strive portfolio. Last year, Endeavor finished the acquisition of World Wrestling Entertainment for $9.3 billion. The purchaser combined WWE with UFC and changed its carry stock ticker to “TKO.” TKO Group Holdngs testament remain a publicly traded entity when Endeavor is formally acquired by Silver Lake.

“Silver Lake believes that when consolidating all of TKO’s economic value into Endeavor, the combined sum up enterprisingness note value of $25 one thousand million testament make believe this the largest common soldier equity patronise public-to-private investiture dealing in o'er a decade, and the largest ever so inwards the media and amusement sector,” added the embark capital unfluctuating in the statement.

Shares of Endeavor are upwardly 8.77% year-to-date piece TKO Group is higher 11%.

Endeavor, Silver Lake Have Some Betting Exposure

Endeavor has some exposure to the human beings of sports wagering. Its IMG Arena social unit provides information to sportsbook operators. In 2022, Endeavor bolstered that business sector with the acquisition of the OpenBet sports wagering social unit from the companion so known as Scientific Games. OpenBet clients include DraftKings, FanDuel, William Hill, and WynnBet, among others.

For its part, Silver Lake is an investor inward Fanatics, which is a rising player in the US online sports betting industry. The troupe also has stakes in several sports leagues and teams.

Silver Lake has $102 billion in assets under direction and its portfolio companies generated $258 one million million inwards revenue, according to its website.

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