Endeavor Announces Review Of Strategic Alternatives Following TKO Merger

WWE/UFC/Endeavor

Endeavor has announced a review of their strategic alternatives following the TKO merger.

On September 12, Endeavor announced the completion of the merger of WWE and UFC into the new sports and entertainment company, TKO Group Holdings.

On Thursday, October 25, Endeavor announced that they are initiating a formal review to evaluate strategic alternatives for the company.

As part of the review, Endeavor will not be considering the sale or disposition of the company’s interest in TKO.

In an article by Business Wire, Endeavor sent out the following press release:

BEVERLY HILLS, Calif.–(BUSINESS WIRE)–Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor” or the “Company”), a global sports and entertainment company, today announced the initiation of a formal review to evaluate strategic alternatives for the Company.

As part of this review of strategic alternatives, the Company will not consider the sale or disposition of the Company’s interest in TKO Group Holdings, Inc.

“Given the continued dislocation between Endeavor’s public market value and the intrinsic value of Endeavor’s underlying assets, we believe an evaluation of strategic alternatives is a prudent approach to ensure we are maximizing value for our shareholders,” said Ariel Emanuel, CEO of Endeavor.

Endeavor has not set a deadline or definitive timetable for the completion of the strategic alternatives review process, and there can be no assurance that this process will result in any particular outcome. The Company does not intend to comment further regarding the review of strategic alternatives until it determines disclosure is necessary or advisable.

TKO Group shares have declined since the merger was completed on September 12.

There are several major WWE contracts set to expire in 2024, which you can read at this link.

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• TKO
• endeavor
• merger
• wwe

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