Ariel Emanuel, Chief Executive Officer, Endeavor, on the New York Stock Exchange, April 29, 2021.
Source: NYSE
Private equity firm Silver lake announced on Tuesday that it is acquiring an entertainment company Endeavor Group Holdings for $27.50 per share.
Endeavor shares were halted before the announcement.
Silver Lake will acquire 100% of the shares it does not already own. Endeavor is being acquired for an equity value of $13 billion, according to a press release from the entertainment company.
“Since 2012, Endeavor’s strategic partnership with Silver Lake and Egon Durban has been central to our evolution into the global sports and entertainment leader we are today,” Endeavor CEO Ariel Emanuel said in a statement. “We believe this transaction will maximize value for all of Endeavor’s public shareholders and are excited to continue to unlock and invest in the growth opportunities ahead as a private company.”
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