Silver Lake’s Acquisition of Endeavor for $13 Billion in Cash

On April 2, 2024, a  merger agreement was established between Endeavor Group (EDR) and Silver Lake for a value of approximately $13 billion.

As per the terms of the agreement, Endeavor Group will be acquired by Silver Lake for $27.50 per share in cash.

Endeavor Group Holdings, Inc. enlisted the financial advisory services of Latham & Watkins, who also served as their legal advisor. Silver Lake was provided financial counsel by Goldman Sachs, JP Morgan, Morgan Stanley, BofA Securities, Barclays, Deutsche Bank, RBC Capital, KKR Capital Markets and The Raine Group, while Simpson Thacher & Bartlett and Kirkland & Ellis provided legal counsel.

Endeavor Group currently pays an annual dividend of $0.18 per share, and the stock is optionable.

Silver Lake’s acquisition price represents 1.27 times the sales and 21.16 times the EBITDA of Endeavor Group.

More details regarding this merger can be found on the Deal Metrics page:

Deal Metrics for the acquisition of Endeavor Group Holdings, Inc. (EDR) by Silver Lake 

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