Silver Lake To Take Endeavor Private; Endeavor Stockholders To Receive $27.50 Per Share In Cash; Transaction At $13B Equity Value And $25B Consolidated Enterprise Value
Portfolio Pulse from Benzinga Newsdesk
Silver Lake is set to acquire Endeavor Group Holdings, Inc. (NYSE:EDR) in a deal valued at $13 billion in equity and $25 billion in consolidated enterprise value, marking the largest private equity sponsor take-private in the media & entertainment sector in a decade. Endeavor stockholders will receive $27.50 per share in cash, a 55% premium over the unaffected share price. The transaction, supported by significant investments and new debt financing, is expected to close by the end of Q1 2025. TKO Group Holdings, Inc. (NYSE:TKO) is not part of this transaction but will continue to benefit from its connection to Endeavor.
April 02, 2024 | 4:32 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Endeavor Group Holdings, Inc. is being acquired by Silver Lake for $13 billion in equity value, with stockholders receiving $27.50 per share in cash, a 55% premium.
The acquisition of Endeavor by Silver Lake at a significant premium is likely to have a positive short-term impact on EDR's stock price, as the offer represents a substantial value increase for stockholders.
CONFIDENCE 95
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
TKO Group Holdings, Inc. is not part of the Silver Lake acquisition of Endeavor but will continue to benefit from its connectivity to Endeavor's expertise and relationships.
While TKO is not directly involved in the acquisition, its ongoing relationship with Endeavor could maintain its current market position without immediate positive or negative impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50