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Endeavor Goes Private as $25 Billion Silver Lake Transaction Closes, Mark Shapiro Leads Renamed WME Group

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Endeavor is now a private company as the $25 billion acquisition by Silver Lake was completed on Monday, marked by a significant change in leadership at the company. As TheWrap exclusively reported last week,
Endeavor Group Holdings, Inc. has transitioned to a private company following the completion of a $25 billion acquisition by Silver Lake, a global leader in technology investing. The deal, which was announced in April, has now closed, marking a significant shift for Endeavor, which includes assets like the Ultimate Fighting Championship (UFC), Professional Bull Riders (PBR), and talent agency WME. Mark Shapiro, who has been with Endeavor since 2014, will continue to lead the newly renamed WME Group as President and COO. This move to private ownership is expected to provide Endeavor with greater strategic flexibility, allowing for long-term investments and growth without the pressures of public market expectations. Silver Lake's involvement is seen as a vote of confidence in Endeavor's business model and its potential for expansion in the entertainment and sports industries.

Read the Full TheWrap Article at:
[ https://www.msn.com/en-us/money/companies/endeavor-goes-private-as-25-billion-silver-lake-transaction-closes-mark-shapiro-leads-renamed-wme-group/ar-AA1BxWQV ]