Latham & Watkins Advises Endeavor in US$25 Billion Take-Private Acquisition by Silver Lake

Endeavor Group Holdings, Inc. (NYSE: EDR), a global sports and entertainment company, has announced that it has entered into a definitive agreement to be acquired by Silver Lake, the global leader in technology investing, in partnership with the Endeavor management team and additional anchor investors. With the significant premium being delivered to stockholders, Endeavor is being acquired at an equity value of US$13 billion. Silver Lake believes that when consolidating all of TKO’s value into Endeavor, the combined total enterprise value of US$25 billion 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. Upon completion of the transaction, Endeavor’s common stock will no longer be listed on any public market. TKO is not party to this transaction and will remain a publicly traded company.

Latham & Watkins LLP represents Endeavor in the transaction with a corporate deal team led by New York partners Justin Hamill, Michael Anastasio, and Ian Nussbaum. New York partner Alan Kimball advised on tax matters.