Nearly four years after becoming a public company, Beverly Hills Business Business LEGHING ENDEAVOR I took especially On Monday by Special Stock Silver Lake Partners with major driving changes.
Endaavor announced that she was exploring her options in 2023 after executive officials felt frustrated because of his share price. Some investors did not do that Full purchase In the Endeavor strategy of buying different companies in sports and entertainment to create a larger empire.
Silver Lake bought the due shares that you did not own in Endeavor, where the Endaavor shareholders won $ 27.50 in cash for the A.C. share, which is 55 % to $ 17.72 per share at the end of the market on October 25, 2023.
The private stock company said it believes that this is the largest investment treatment of private property rights in private stocks for more than a decade and the largest in the media and entertainment sector, and the endeavor of the endeavor of $ 25 billion (when it is taken into account in the TKO sports and entertainment work, which is owned by Beedeavor).
EGON Durban, CEO of Silver Lake, said that EGON Durban, co -chair of co -executive and administrative partner of Silver Lake, said in a statement that Endeavor is the largest single in the global Silver Lake portfolio.
“Silver Lake has never sold a share, instead, which increases our share as we are still very excited about the long -term growth expectations of the company,” Derban said.
The company became publicly circulated in 2021, after that Delaying the original public subscription In 2019 due to unstable market conditions.
Endaavor took steps to try to enhance its shares, including the deal in 2023 to Merging her work into UFC with World Wrestling Entertainment in a new company circulating for the public called TKO. Endaavor owns about 61 % of TKO.
But Endaavor shares continued to decrease, prompting the company to explore its strategic options. Since then, the company has Sold Some of her works.
In 2024, Endaavor recorded revenues of $ 7.1 billion, an increase of 30 % over the previous year. The company suffered a net loss in 2024 of $ 1.2 billion, compared to a net profit of $ 557 million in 2023.
Ary Emmanuel, former CEO of Endeavor, will become the CEO of the WME group, which includes Beverly Hills Talent Wme, IMG Licensing, Marketing Agency 160OOPER90 and the Media Business Pantheon Business Group. Emmanuel will remain CEO and CEO of TKO.
“Together, we have created and reinforced, contrary to anything else to accelerate the creation of value to customers and partners through the WME and TKO group, and I am excited to continue building and growth,” Emmanuel said in a statement.
Mark Shapiro, former president and executive director of operations at Endeavor, is now a head and administrative partner of the WME group. The president and the director of operations at TKO remains.
Christian Miiraid and Richard Whitz from the co -chair to the WME group.
Patrick Whitel, former CEO of Endeavor, CEO of a new platform in partnership with Silver Lake “for real estate investment, expanding and expanding its scope [intellectual property]Endifor said that Silver Lake will give Whitesell $ 250 million in the new capital, according to a report with the US Securities and Exchange Committee last year, through sports, media and entertainment.
Whitesell is about to obtain a portion of WME’s work that represents football players, according to a person familiar with the situation that rejected his name.
“Our industry is in the very early stages of generations,” Whitsel said in a statement. “I have never seen a promising time for bold businessmen, aspirations, creativity and athletes.”
