Silver Lake Buys Endeavor Group for $27.50 Per Share in Cash

Silver Lake, a private equity firm, has entered into an agreement to acquire Endeavor Group Holdings, a prominent entertainment and sports company based in Beverly Hills. The deal will result in Silver Lake purchasing all outstanding shares of Endeavor for $27.50 per share in cash, a transaction that values the company's equity at approximately $13 billion. This price represents a significant premium over the market price prior to the announcement, marking a 55% increase from the unaffected share price of $17.72 at the close of the market on October 25.

The acquisition will consolidate the companies, bringing the total enterprise value to around $25 billion. Endeavor's CEO, Ari Emanuel, has expressed optimism about the transaction, stating that it will maximize value for all public stockholders. Following the acquisition, Endeavor will transition from a publicly traded company to a private entity, less than three years after its initial public offering. The transaction has the support of Endeavor's management team and includes additional anchor investors partnering with Silver Lake. The deal is aimed at enabling Endeavor to invest further in growth opportunities as a private company.