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Ciao, Endeavor: Ari Emanuel Gives Up CEO Role as $25 Billion Go-Private Deal Closes; the Renamed WME Group Led by Mark Shapiro
Endeavor's $25 billion go-private deal with Silver Lake closed. Ari Emanuel is giving up the CEO role, with the renamed WME Group led by Mark Shapiro.
The reason for this: Silver Lake co-CEO Egon Durban bought a small stake in the Las Vegas Raiders late last year and under league rules, an NFL team owner cannot have business ties to an entity that represents players. Egon Durban said: “This remarkable moment—and the even more exciting future it launches—is thanks first and foremost to Ari Emanuel and Patrick Whitesell, and to the relentless and ambitious strategic vision they have shared for more than twenty years to build Endeavor into a global powerhouse across talent, brands, and IP spanning entertainment, media, and sports. Mark Shapiro said: “Our ability to deliver landmark partnerships, career-defining business opportunities, and enduring cultural moments is amplified by this transaction and the formation of WME Group.
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