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Endeavor Announces Completion of Acquisition by Silver Lake, TKO Valued At $25 Billion

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  Print publication without navigation Published in Media and Entertainment on by fightful
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BEVERLY HILLS, Calif. & MENLO PARK, Calif.-- (BUSINESS WIRE)--Endeavor Group Holdings, Inc. ("Endeavor" or the "Company"), a global sports and entertainment company, today announced the completion of its acquisition by Silver Lake, the global leader in technology investing, in partnership with the Endeavor management team and additional investors.
The article from Fightful discusses the completion of the acquisition of WWE by Endeavor, forming a new company named TKO Group Holdings, which is valued at $25 billion. This merger combines WWE and UFC under one umbrella, with Endeavor owning 51% of TKO and existing WWE shareholders retaining 49%. The deal was finalized after receiving necessary regulatory approvals, and it aims to leverage the global reach and fan bases of both WWE and UFC to enhance growth and value creation. The transaction also includes Silver Lake, a global leader in technology investing, as a significant investor in Endeavor. The new entity, TKO, is set to benefit from Endeavor's expertise in media rights, event management, and sponsorships, promising a new era for both wrestling and mixed martial arts entertainment.

Read the Full Fightful Article at:
[ https://www.fightful.com/wrestling/endeavor-announces-completion-acquisition-silver-lake-tko-valued-25-billion ]