Kemo
10-28-2023, 02:45 AM
TKO Group Holdings is not expected to be affected by the rumored decision for parent company Endeavor Group to go private.
With the merger of WWE & UFC, TKO Group Holdings was launched last month. This came months after it was first announced that Endeavor would be acquiring WWE for the sum of $9.3 billion. Endeavor's influence has already been felt in WWE, with Ari Emanuel himself pulling Vince McMahon from creative, essentially 'knighting' Triple H as the unquestionable leading figure when it comes to storyline decisions.
Endeavor is set to launch a "strategic review" of its assets to find new ways to boost shareholder value, a statement given by the company revealed this week. One way the company could change is by going private as the private-equity giant Silver Lake has said that it is "currently working toward making a proposal to take Endeavor private."
Silver Lake owns roughly 71% of the voting share of Endeavor and two of its senior executives sit on Endeavor's board of directors. Following Silver Lake making its intentions clear, the stock value rose dramatically.
Endeavor has long believed that its stock is undervalued, but the launch of TKO Group Holdings hasn't improved its stock price. Instead, the stock price has gone down and Silver Lake's belief is that taking the company private will improve Endeavor's value.
TKO will remain a public company regardless of what happens. Endeavor will also continue to own 51% of TKO regardless of what takes place.
With the merger of WWE & UFC, TKO Group Holdings was launched last month. This came months after it was first announced that Endeavor would be acquiring WWE for the sum of $9.3 billion. Endeavor's influence has already been felt in WWE, with Ari Emanuel himself pulling Vince McMahon from creative, essentially 'knighting' Triple H as the unquestionable leading figure when it comes to storyline decisions.
Endeavor is set to launch a "strategic review" of its assets to find new ways to boost shareholder value, a statement given by the company revealed this week. One way the company could change is by going private as the private-equity giant Silver Lake has said that it is "currently working toward making a proposal to take Endeavor private."
Silver Lake owns roughly 71% of the voting share of Endeavor and two of its senior executives sit on Endeavor's board of directors. Following Silver Lake making its intentions clear, the stock value rose dramatically.
Endeavor has long believed that its stock is undervalued, but the launch of TKO Group Holdings hasn't improved its stock price. Instead, the stock price has gone down and Silver Lake's belief is that taking the company private will improve Endeavor's value.
TKO will remain a public company regardless of what happens. Endeavor will also continue to own 51% of TKO regardless of what takes place.