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Endeavor Going Private In Deal Valued At $13B
Endeavor Group Holdings, parent of talent agency WME and controlling shareholder in combat sports powerhouse TKO Group, is going private.
Shareholders will receive $27.50 in cash for each share, a 55% premium over the closing price last October 25, which was when Endeavor announced it was considering strategic alternatives. Announced with great fanfare prior to Covid, the effort to take the company public was pulled at the 11 th hour in 2019 before finally coming to pass in the spring of 2021. Rumors that the company was likely headed for a privatization had been circulating in recent months, especially after TKO’s public stock debut last fall.
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