Its official Endeavor is now private again. The sports and entertainment giant just completed a massive $25 billion take-private deal, with Silver Lake buying up all remaining shares they didnt already own. In whats being called the largest ever private equity sponsor public-to-private investment in the media and entertainment sector, Endeavor has been pulled off the New York Stock Exchange and is shifting gears under a brand-new structure.
Shareholders scored $27.50 per share in cash a 55% premium over the $17.72 price before Endeavor first announced it was exploring strategic alternatives in October 2023. With the transaction finalized, Endeavor is no longer trading publicly, and its Class A stock is done on Wall Street.
But the bigger headline? The launch of WME Group the new name for Endeavors powerhouse portfolio of representation and IP-driven businesses. The lineup includes:
- WME, one of the most legendary talent agencies on the planet.
- 160over90, the global marketing agency that brings brands and culture together.
- IMG Licensing, a brand licensing juggernaut.
- Pantheon Media Group, the Emmy-winning production force behind true crime, live events, sports, and more.
Egon Durban, Co-CEO of Silver Lake, praised the long-time partnership with Endeavors leadership, saying, This remarkable momentand the even more exciting future it launchesis thanks first and foremost to Ari Emanuel and Patrick Whitesell. He added, Silver Lake has never sold a share and now, with this latest investment, it is the single largest position in our global portfolio.
Mark Shapiro, now President and Managing Partner of WME Group, said the move will supercharge what they already do best: Our ability to deliver landmark partnerships, career-defining business opportunities, and enduring cultural moments is amplified by this transaction.
Ari Emanuel, now Executive Chairman of WME Group, said, Together, we have created and enhanced a foundation unlike any other to accelerate value creation for clients and partners across WME Group and TKO.
Patrick Whitesell will lead a new platform, backed by Silver Lake, to invest in talent, sports, media, and entertainment properties. I have never seen a more promising time for bold and ambitious entrepreneurs, creatives, and athletes, Whitesell said.
WME Group isnt the only piece in play. Endeavor still owns a controlling stake in TKO Group Holdings (NYSE: TKO), which includes UFC, WWE, and PBR. With more than 500 live events annually across 210 countries, TKO remains a major force in global sports entertainment.
From mega-agency muscle to sports empire control, Endeavors next chapter is officially underway and its massive.
What do you think about Endeavor going private and launching WME Group? Is this the future of entertainment and sports powerhouses? Sound off in the comments we want to hear what you think.
