Hints and tips:
...Since then, Silver Lake has agreed deals to take private US software group Qualtrics, German technology pioneer Software AG and sports and talent agency Endeavor....
...Earlier this year, Endeavor disclosed to shareholders it had fully written down its investment in Learfield after recording tens of millions of dollars in impairments in 2022....
...Endeavor faced competition from two other bidders but McMahon and Endeavor’s chief executive, Ari Emanuel, raced to complete the tie-up over WWE’s annual WrestleMania weekend extravaganza in early April....
...With no vote, their only recourse is either trusting the independent directors of Endeavor or pursuing litigation....
...Silver Lake already controls about 71 per cent of Endeavor’s voting rights....
...Endeavor owns half. Meanwhile, France’s Pinault family acquired talent agency CAA for $7bn. Analysts estimated the valuation at 13 times annual ebitda, higher than the figure for Endeavor....
...“Silver Lake firmly believes in Endeavor’s business and 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,” it added....
...Endeavor drafts a private equity sequel It was meant to be an underdog tale, when entertainment heavyweight and Ultimate Fighting Championship owner Endeavor Group filed for an initial public offering in...
...And Silver Lake said last month that it was considering taking entertainment group Endeavor private again after the company and its chief executive Ari Emanuel became frustrated with lacklustre share price...
...In 2019 he attempted to take Endeavor public, but pulled the plug after failing to reach the valuation he sought....
...On Tuesday, Endeavor announced the completion of its deal to acquire World Wrestling Entertainment and house it under a newly listed entity that also includes UFC....
...Genesis Global Capital LLC agreed to pay a $21mn civil penalty to settle charges that it engaged in the unregistered offer and sale of securities through its Gemini Earn program, the SEC announced on Tuesday...
...There are two aspects that help explain the genesis of the 375-year old bond....
...When Emanuel’s Endeavor Group first bought into UFC in 2016, the mixed martial arts series had an enterprise value, including debt, of $4.1bn....
...Its co-chief executive Egon Durban is chair of Ari Emanuel’s Endeavor Group, which in April announced an all-stock merger of Ultimate Fighting Championship with World Wrestling Entertainment that would create...
...The genesis of the transformer and the story of its creators helps to account for how we got to this moment in artificial intelligence: an inflection point, comparable to our transition on to the web or...
...August 14, 2023: Prime Trust, LLC and certain of its affiliates filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware...
...In the last year Digital Currency Group’s Tradeblock closed while the lending unit of Genesis, another prime broker, filed for bankruptcy....
...Silver Lake was also working with Ari Emanuel to build what is now Endeavor, the talent giant that also owns Ultimate Fighting Championship....
...The technology-focused investment firm originally acquired shares in CFG after Hollywood impresario Ari Emanuel — founder of Endeavor — introduced managing partner Egon Durban to CFG’s Khaldoon Al Mubarak...
...It is also a shareholder in sports merchandising company Fanatics and in Endeavor, the New York-listed owner of Ultimate Fighting Championship, the mixed martial arts series....
...In 2019, she moved to one of the biggest talent agencies in the world, the US-based William Morris Endeavor....
...The industry leader was created in 2009 when William Morris Agency combined with Endeavor, led by Ari Emanuel. The group went public last year and has a market capitalisation of about $10.5bn....
...His idea was the genesis of experiences he’d gained interning at an investment fund, he said....
International Edition