Talent agency Endeavor is set to go private in a $13 billion deal with Silver Lake, its longtime financial backer. Silver Lake will acquire the shares it doesn't already own, valuing Endeavor at $13 billion. The deal will end Endeavor's tough three-year run on the NYSE, with the majority shareholders in the UFC selling to a private equity firm. Additionally, as part of the deal, Patrick Whitesell will launch a new media company with a $250 million investment from Silver Lake, and Endeavor CEO Ari Emanuel will receive a $25 million asset sale transaction bonus and quarterly royalty payments from WME.
Silver Lake, the private equity firm that is planning to take WME owner Endeavor private, is also aiming to get further into business with Endeavor executive chairman Patrick Whitesell https://t.co/824ppX7SEH
Patrick Whitesell to Launch Media Company With $250M From Silver Lake https://t.co/g1s8YqObIS via @thr
Silver Lake To Take Endeavor Private In Deal Valuing WME Owner At $13B https://t.co/EuIe3N07G5 https://t.co/yJkGIBx7V4