– Silver Lake, in partnership with Mubadala, Dell Investment, and others, is acquiring the minority stake in Endeavor Group at a premium price of $27.50 per share.

– The acquisition, announced via a midday press release on Tuesday, involves an all-cash transaction and additional financing from various entities, valuing Endeavor at $25 billion in total enterprise value.

– Silver Lake’s takeover price represents a significant premium over Endeavor’s unaffected share price and its IPO price, with the deal expected to close in the first quarter of 2025.

Silver Lake, in collaboration with Mubadala, Dell Investment, and other partners, is set to acquire the remaining minority stake in Endeavor Group, the parent company of TKO and WME, at a price of $27.50 per share. 

This marks a 9% premium over Monday’s closing price.

The acquisition, announced in a midday press release on Tuesday, involves an all-cash transaction, with additional financing from various entities including Mubadala, the Michael Dell family office, Lexington Partners, and funds managed by Goldman Sachs.

The deal, described by Silver Lake as one of the largest private equity transactions of the past decade, values Endeavor at $13 billion in equity, combined with the $12 billion equity value of TKO Group Holdings. 

This brings the total enterprise value to $25 billion. Notably, Silver Lake has no immediate plans to take TKO private.

The $27.50 take-private price represents a significant premium of 55% over Endeavor’s unaffected share price and a 15% premium over its IPO price of $24 in April 2021. 

With Silver Lake holding 71% of Endeavor’s voting power, it possesses the authority to approve the deal independently.

Endeavor’s senior management team, led by Ari Emanuel and Patrick Whitesell, will retain equity in the business, demonstrating their confidence in the deal. 

The transaction is expected to be finalized in the first quarter of 2025.Following the announcement, Endeavor shares experienced a 2% increase, closing at $25.81, while TKO shares rose by 5%, closing at $90.63.