EDR - Silver Lake To Acquire Endeavor In Multi-Billion Deal: Offer Marks Milestone In Media Sector | Benzinga
On Tuesday, Endeavor Group Holdings, Inc. (NYSE:EDR) entered into an agreement to be acquired by private equity company Silver Lake alongside Endeavor management and other anchor investors.
With branches across North America, Europe and Asia, Silver Lake’s portfolio companies collectively generate nearly $258 billion of revenue annually
Endeavor shareholders are set to receive $27.50 per share in cash, marking a 55% premium to the unaffected share price of $17.72 per share on October 25, 2023, and a 39% premium to Endeavor’s unaffected 30-day VWAP.
October 25, 2023, is the last full trading day before Endeavor announces its review of strategic alternatives.
Endeavor’s acquisition entails an equity value of $13 billion, offering shareholders a ‘significant premium,’ per a press release.
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