Patrick Harvie will quit as co-leader of the Scottish Greens if the party votes to end the power-sharing deal with the SNP.
03.04.2024 - 14:33 / deadline.com
Silver Lake’s plan to take Endeavor private includes an investment of $250 million of seed equity “into a new business to be founded, managed and controlled” by executive chairman Patrick Whitesell.
The business will include “investing in and providing services to companies in the entertainment, media and sports industries; developing, producing, financing and exploiting film, television and digital audio visual content; talent management; and consulting with other entertainment companies,” according to an SEC filing today that include new contract details for Endeavor‘s top executives.
The filing, which had new employment letters for CEO Ari Emanuel and COO Mark Shapiro — who will be running Endeavor — indicated that Whitesell, while continuing to be a major shareholder and board member, will be branching out.
The document also refers a number of times to a private Endeavor exploring potential asset sales except for TKO Group and WME.
As reported yesterday, private equity firm Silver Lake Capital will be leading the privatization what it called the largest in media and entertainment history and the biggest in any sector over the past decade with Endeavor. The equity value of the acquisition is pegged at $13 billion. After three years as a public company, big investors weren’t happy with the stock price valuation.
The merger agreeement call for “reasonable best efforts to facilitate, negotiate and consummate the sale transfer, divestiture or other disposition” of assets, excluding all or part of publicly traded TKO Group, of which Endeavor owns 51%, and the agency representation business of William Morris Endeavor Entertainment.
It said Emanuel would receive a $25 million “asset sale transaction bonus” following the
Patrick Harvie will quit as co-leader of the Scottish Greens if the party votes to end the power-sharing deal with the SNP.
Todd Spangler NY Digital Editor The Disney/ESPN, Fox Corp. and Warner Bros. Discovery sports-streaming joint venture has drawn congressional scrutiny.
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More of former TKO Group Executive Chairman Vince McMahon‘s large stake in the company is changing hands, with Endeavor and TKO agreeing to buy a combined $311.2 million of his stock.
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Gypsy Rose Blanchard, known for her tumultuous past as a victim of Munchausen by proxy, also known as fabricated or induced illness by carers, is again taking charge of her life. At 32 years old, she is stepping into a new chapter by addressing her inner changes and opting for a physical transformation through rhinoplasty.In a statement to PEOPLE, Blanchard reveals her decision: “I’m going through a personal transformation journey currently, and that includes a physical one, too.” This decision signifies a bold step towards reclaiming autonomy over her body and narrative.
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Todd Spangler NY Digital Editor Patrick Whitesell, executive chairman of WME parent Endeavor, is launching a new media company backed by Silver Lake as part of the private-equity firm’s deal to take Endeavor private. Silver Lake will invest $250 million of seed equity into a new business to be founded, managed and controlled by Whitesell, according to an Endeavor SEC filing Wednesday.
Endeavor Group Holdings, parent of talent agency WME and controlling shareholder in combat sports powerhouse TKO Group, is going private.
Todd Spangler NY Digital Editor Endeavor, three years after the sports and entertainment company went public, announced that it has entered into an agreement to be acquired by private-equity firm Silver Lake. The deal gives Endeavor an equity value of $13 billion, the companies said.
Get ready for a new show starring Selena Gomez!
Warner Bros. Pictures and Bad Robot on Friday revealed Flowervale Street to be the title of David Robert Mitchell‘s new film, starring Anne Hathaway, Ewan McGregor, Maisy Stella, and Christian Convery, announcing that it will open in IMAX on May 16, 2025.
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