50 per share, according to a statement released on Tuesday. The news led to a more than 2% rise in Endeavor's stock, which briefly halted trading prior to the announcement. With this deal, Silver Lake will acquire the remaining shares it does not already own.

Endeavor, the majority owner of TKO Group Holdings, will continue to operate as a public entity under the agreement. The acquisition values Endeavor at an equity value of $13 billion, with the transaction set to close by the end of the first quarter of 2025.

Endeavor CEO Ariel Emanuel expressed enthusiasm about the deal, stating, "We believe this transaction will maximize 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."

Endeavor is involved in talent representation through its agency WME, as well as brand licensing and live events. In recent years, the company has undergone strategic shifts in its operations. In 2022, Endeavor acquired the sports betting platform OpenBet, and in 2023, it sold the sports education institution IMG Academy in a $1.25 billion deal.

Notably, Endeavor is also the majority owner of TKO Group Holdings, which includes popular sports associations UFC and WWE. TKO will remain publicly traded following the acquisition.

Silver Lake's initial investment in Endeavor dates back to 2012, and the firm has been supportive of Endeavor's growth, particularly in its acquisition of UFC in 2016. Silver Lake's co-CEO Egon Durban and managing director Stephen Evans were both board members of Endeavor prior to the acquisition announcement.

The acquisition of Endeavor by Silver Lake reflects the ongoing strategic realignment and consolidation in the entertainment industry. As the transaction progresses, industry watchers will keep a close eye on the future direction and growth potential of Endeavor under private ownership.