As we previously reported here on eWn, Endeavor Group (which owns TKO, WWE, and the UFC) announced that the company was initiating a formal review of potential options to “maximize value for our shareholders.” Silver Lake, a global technology firm that owns 71% of Endeavor’s voting power, announced shortly after that it was considering a proposal to take Endeavor private.
According to a new report by CNBC, CEO of Endeavor Ari Emanuel told TKO employees on Wednesday afternoon via an email that TKO Group Holdings would neither be involved nor experience any changes regarding whatever plan Endeavor ends up executing.
Endeavor’s stock was up big on Thursday following the news, rising 25.62% to $22.26 compared to Wednesday’s closing price of $17.72, which was close to the 52-week low of $17.65.
The 52-week high for comparison is $26.26. The all-time closing high for Endeavor’s stock was December 27th, 2021 when it closed at $35.03.
TKO Group Holdings’ stock closed at $81.11 on Thursday, up $2.47 (3.14%).
