Endeavor (EDR) considers sale and Silver Lake wants it
![](https://www.streetinsider.com/images/summaries/1712/resize_ENDEAVOR_644f93ac1f8e5.jpg)
Get Alerts EDR Hot Sheet
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.1%
EPS Growth %: -60.5%
Join SI Premium – FREE
Shares of Endeavor Group Holdings Inc. (NYSE: EDR) surged 24% after-hours Wednesday after the company announced it will explore strategic alternatives, including a possible sale.
Immediately following the news from the company, large shareholder Silver Lake said it is considering a proposal to take Endeavor private.
Endeavor said a possible sale of the company would not include the company's ownership interest in TKO Group Holdings, Inc. (NYSE: TKO), which controls entertainment brands UFC and WWE.
Endeavor cited the dislocation between its stock market valuation and the intrinsic value of its underlying assets as the reason for the strategic review.
Silver Lake, which currently owns 71% of the voting power of Endeavor, said it is "not interested in selling its shares in Endeavor to a third-party nor in entertaining bids for assets that are a part of Endeavor."
By StreetInsider.com Staff
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Paramount Global (PARA) in Talks to Sell Bet Network for $1.6B - Bloomberg
- Barry Diller Explores Bid To Take Control Of Paramount (PARA) - NYT
- Conn’s (CONN) stock plunges on report it's preparing a potential bankruptcy filing
Create E-mail Alert Related Categories
Hot List, Hot M&A, Mergers and Acquisitions, Private Equity, RumorsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!