2024-06-27 09:11:26 ET
Summary
- The market is pricing in a high probability of success for the going private, as the gap is relatively small at this point.
- Arbitrage opportunities may arise if the spread widens again in the coming months.
- Endeavor's crown jewel, the TKO Group, remains publicly traded.
The Endeavor Group Investment Thesis
A year ago, in June 2023, I wrote an article about the upcoming merger of Endeavor Group's ( EDR ), UFC and the WWE to form the new TKO Group ( TKO ). And I think TKO is a really interesting company that has great potential to be a strong long-term compounder, which is why Endeavor was interesting to me because they own about 51% of TKO. The growth potential for TKO's revenues from the reallocation of the broadcast rights could be enormous....
Read the full article on Seeking Alpha
For further details see:
Endeavor Group: TKO Is A Fantastic Asset