Ari Emanuel, chief executive officer of Endeavor, says, ‘an evaluation of strategic alternatives is a prudent approach’ to ‘maximizing value for our shareholders.’ Photo: Kyle Grillot/Bloomberg News
Private-equity giant Silver Lake said it is working on a proposal to take private Endeavor Group Holdings, the owner of talent agencies WME and IMG.
“Silver Lake firmly believes in Endeavor’s business and is not interested in selling its shares in Endeavor to a third-party nor in entertaining bids for assets that are a part of Endeavor,” the firm wrote in a statement. Silver Lake owns about 71% of the voting stake in Endeavor.