Endeavor to go private in $27.50/share deal with Silver Lake; Emanuel to remain CEO

Endeavor Group Holdings, Inc.

Going-private transaction at $27.50 per share in cash; Class A stock to be delisted from NYSE.
Silver Lake and management stockholders (>50% voting power) approved the merger via written consent.
Termination fees: $288.5M payable by OpCo for superior proposal; $705M payable by Parent entities if they breach or fail to close.
Financing committed: Silver Lake equity commitment + debt financing from JPMorgan, Morgan Stanley, Bank of America, Goldman Sachs, Barclays, Deutsche Bank, RBC.
Post-merger: Ariel Emanuel named CEO of Endeavor and Founder/Executive Chairman of WME; Patrick Whitesell named Chairman of Endeavor and WME.

item 1.01 item 5.02 item 5.07 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Ariel Emanuel

Chief Executive Officer

Endeavor Group Holdings, Inc.

Filed: April 3, 2024, 7:59 PM ET

At the Effective Time, Mr. Emanuel will be appointed as the Chief Executive Officer of the Company, a member of the board of directors of the Company and Founder and Executive Chairman of WME.

Appointed

Ariel Emanuel

Director

Endeavor Group Holdings, Inc.

Filed: April 3, 2024, 7:59 PM ET

At the Effective Time, Mr. Emanuel will be appointed as the Chief Executive Officer of the Company, a member of the board of directors of the Company and Founder and Executive Chairman of WME.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Ariel Emanuel was appointed as Chief Executive Officer at Endeavor Group Holdings, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

At the Effective Time, Mr. Emanuel will be appointed as the Chief Executive Officer of the Company, a member of the board of directors of the Company and Founder and Executive Chairman of WME.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ariel Emanuel was appointed as Director at Endeavor Group Holdings, Inc..

Action: appointed
Role: Director

Exact text from the filing

At the Effective Time, Mr. Emanuel will be appointed as the Chief Executive Officer of the Company, a member of the board of directors of the Company and Founder and Executive Chairman of WME.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Endeavor Group Holdings, Inc. entered into Agreement and Plan of Merger with Wildcat EGH Holdco, L.P., Wildcat OpCo Holdco, L.P., and various merger subsidiaries (effective 2024-04-02).

Action: entry
Agreement: merger
Counterparty: Wildcat EGH Holdco, L.P., Wildcat OpCo Holdco, L.P., and various merger subsidiaries
Effective: 2024-04-02

Exact text from the filing

On April 2, 2024, Endeavor Group Holdings, Inc., a Delaware corporation (the “Company” or “Endeavor”), entered into an Agreement and Plan of Merger (the “Merger Agreement”)

View on SEC.gov

419 material agreements filed in the last 30 days. Browse all material agreements →

Source: SEC EDGAR

accession 0001193125-24-085376

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.