Endeavor Contemplates Asset Sale and Potential Privatization
TL;DR Summary
Endeavor Group Holdings, led by CEO Ari Emanuel, is considering selling some of its assets as it undergoes a strategic review to maximize shareholder value. The sports and entertainment company, which owns IMG, Frieze, and WME, has seen its stock fall over 30% in the past six months. However, shares of Endeavor jumped over 11% in after-hours trading following the announcement. The review will not include the sale of its stake in TKO Group Holdings, the result of a merger between UFC and World Wrestling Entertainment.
- Ari Emanuel’s Endeavor is considering selling some of its assets CNN
- Endeavor stock surges as Silver Lake says it's considering taking the company private CNBC
- Endeavor Investor Silver Lake Wants To Take Company Private Deadline
- Endeavor to explore 'strategic alternatives,' stake in WWE unaffected Figure Four Online
- WME Owner Endeavor Could Be Taken Private Again, Major Investor Says Hollywood Reporter
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