Silver Lake acquires Endeavor Group for $27.50 per share or $13B

Endeavor Group announced that it has entered into a definitive agreement to be acquired by Silver Lake, in partnership with the Endeavor management team and additional anchor investors. Under the terms of the agreement, Silver Lake will acquire 100% of the outstanding shares it does not already own, other than rolled interests. Endeavor stockholders will receive $27.50 per share in cash. Endeavor is being acquired at an equity value of $13B. “Silver Lake believes that when consolidating all of TKO‘s (TKO) value into Endeavor, the combined total enterprise value of $25 billion will make this the largest private equity sponsor public-to-private investment transaction in over a decade, and the largest ever in the media and entertainment sector,” Endeavor said in a statement. TKO is not party to this transaction and will remain a publicly traded company. The transaction is expected to close by the end of the first quarter of 2025.