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New Patrick Whitesell Venture To Get $250 Million From Silver Lake As It Takes Endeavor Private; Whitesell, Ari Emanuel Will Each Receive A Plane
Silver Lake, the investment firm and Endeavor shareholder taking the company private, will invest $250 million in a a new Patrick Whitesell venture.
Ari Emanuel Patrick WhitesellAP Silver Lake’s plan to take Endeavor private includes an investment of $250 million of seed equity “into a new business to be founded, managed and controlled” by executive chairman Patrick Whitesell. The business will include “investing in and providing services to companies in the entertainment, media and sports industries; developing, producing, financing and exploiting film, television and digital audio visual content; talent management; and consulting with other entertainment companies,” according to an SEC filing today that include new contract details for Endeavor ‘s top executives. The filing also refers a number of times to a private Endeavor exploring potential asset sales except for TKO Group and WME.
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