In a major deal that is set to shake up the sports and entertainment industry, talent agency Endeavor is being acquired by private equity firm Silver Lake. The move comes just three years after Endeavor went public and is valued at over $4 billion.

Silver Lake, a longstanding investor in Endeavor, will acquire 100 percent of the outstanding shares, with current investors being paid $27.50 per share in cash. This comes after Endeavor shares were trading at just under $26 before news of the sale emerged.

The sale marks a significant moment for Silver Lake, which has been a key supporter of Endeavor for over a decade. Egon Durban, co-CEO of Silver Lake, has been at the forefront of the deal and has expressed confidence in the future of the company.

In a statement, Endeavor and TKO Group Holdings CEO Ari Emanuel said that the sale will help maximize value for all public stockholders and unlock growth opportunities as a private company. Endeavor’s equity value is currently estimated at $13 billion, with TKO Group Holdings valued at an estimated $25 billion.

The transaction is expected to close in the first quarter of 2025, with no anticipated changes in leadership at Endeavor. The decision to sell and take the company private once again came after Endeavor had been exploring strategic alternatives.

This acquisition is sure to have a ripple effect in the world of sports and entertainment, as both Endeavor and Silver Lake have a track record of success in the industry. Fans and investors alike will be watching closely to see how this deal plays out in the coming months. Stay tuned for more updates on this developing story.