On Location is the official hospitality partner of the NFL
WWE, UFC and On Location owner Endeavor is to be acquired by private equity firm Silver Lake in a deal worth $13bn.
The global sports and entertainment company has entered into a definitive agreement to be acquired by the global technology investment firm.
Silver Lake said that when consolidating all of TKO’s value – the division that operates UFC and WWE – into Endeavor, the combined total enterprise value of $25bn will make this the largest private equity sponsor public-to-private investment transaction in over a decade, and the largest ever in the media and entertainment sector.
Ari Emanuel, chief executive of Endeavor, said: “Since 2012, Endeavor’s strategic partnership with Silver Lake and Egon Durban have been central to our evolution into the global sports and entertainment leader we are today. We believe this transaction will maximise value for all of Endeavor’s public stockholders and are excited to continue to unlock and invest in the growth opportunities ahead as a private company.”
On Location is the official hospitality partner of the NFL and the Olympic Games.
Read the full story on TheStadiumBusiness.com.
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