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
New Patrick Whitesell Venture To Get $250M From Silver Lake As It Takes Endeavor Private; Whitesell, Ari Emanuel Will Each Receive A Plane https://t.co/dWz1MXBF2M
Endeavor CEO Ari Emanuel is set to receive a $25 million asset sale transaction bonus w/ Silver Lake buyout & will be entitled to receive quarterly royalty payments from WME equal to 2.5% of the quarterly net cash profits https://t.co/kGKju7kdFm via @variety
Endeavor Agrees to Be Bought by Silver Lake at $13 Billion Valuation Take-private deal builds on a string of investments the private-equity firm has made in Endeavor since 2012 via @RobbMStewart @WSJ #PrivateEquity https://t.co/XlZIs6qXe8
Endeavor's Patrick Whitesell to Launch New Media Company With $250 Million Silver Lake Investment https://t.co/0wTbAeBwGD
Breakup fees disclosed in the Endeavor filing: * If Endeavor accepts a "superior proposal" to Silver Lake's offer, it would pay Silver Lake $288.5M * If Silver Lake is unable to consummate the deal, it would be pay Endeavor $705M https://t.co/kGKju7kdFm
Endeavor Going Private After Blockbuster Buyout https://t.co/iTA5fWzDHA
Buried in one of Endeavor's SEC filings this morning on its Silver Lake deal: Endeavor's executive chairman Patrick Whitesell is launching a media company with $250 million backing from Silver Lake https://t.co/tHZJfMPjQz
Endeavor Going Private in Deal With Majority Shareholder Silver Lake https://t.co/P468ctSpyY
Patrick Whitesell to Launch Media Company With $250M From Silver Lake https://t.co/qEdoG9q3CZ
Patrick Whitesell to Launch Media Company With $250 Million Investment From Silver Lake as Part of Endeavor Deal https://t.co/kGKju7kdFm via @variety
Patrick Whitesell to Launch Media Company With $250 Million Investment From Silver Lake as Part of Endeavor Deal https://t.co/Bv0OkRDM17
Silver Lake To Invest $250 Million In New Venture Led By Patrick Whitesell As Part Of Taking Endeavor Private https://t.co/JdurccnM47
Good analysis of endeavor going private in DealBook this morning.
Silver Lake to take Endeavor private in deal valuing entertainment firm at $13 bln https://t.co/umta9G57eo $edr
Here's the full story on Endeavor — the majority shareholders in the UFC — selling to a private equity firm. #UFC #Endeavor #TKO https://t.co/P90PE1CJ45
UFC owners at Endeavor sold to private equity firm, TKO remains publicly traded https://t.co/SfE2g1SAYv
Silver Lake to take Endeavor private in deal valuing entertainment firm at $13 bln https://t.co/E4I2EPYx3T https://t.co/bg97dMrvsg
Endeavor—parent company of UFC, WWE, IMG, PBR, and more—will be taken private by equity giant Silver Lake. It will end $EDR's tough three-year run on the NYSE. More ⬇️
Silver Lake to take Endeavor private in deal valuing media firm at $13 bln https://t.co/KADf5Q1atZ via @Reuters #PrivateEquity
Endeavor Going Private In Deal Valued At $13B https://t.co/Ep4phzKgIj
The entertainment company Endeavor will go private with the help of its longtime financial backer, Silver Lake, which will buy shares in the company that it doesn’t already own, valuing Endeavor at $13 billion. https://t.co/g5BfdA0d73
Talent agency Endeavor to go private in $13bn deal with Silver Lake https://t.co/FovsYKTqjJ