The merger between UFC and WWE under the TKO Holdings umbrella only recently closed this past September. Now there’s news that Endeavor could go private after the company’s stocks continue to drop. More on this story, below.
Top Endeavor Shareholder Announces Plans
Deadline reported this week that the company has announced it will undergo a formal evaluation to review “strategic” options. This was stated after Endeavor’s stocks continued to struggle post-merger.
The company revealed they aren’t planning on selling their 51 percent stake in TKO, but just looking for ways to help with the stock price. Later on, Silver Lake, a media and technology company that has a 71 percent stake in Endeavor revealed they’d be presenting a proposal that the company be taken private, and unlisted from the stock exchange.
Big Superstar Is Set For A Push
The likely goal of this is a hope to set up a similar situation to what went on with Creative Artists Agency when it was sold to a French investment company this past September. If this happens, TKO would still be publicly traded with Endeavor still owning 51 percent.
More Details Coming Soon From Endeavor
More details on this will probably be revealed very soon when the company has its Q3 earnings call in early November. The organization has been publicly traded since 2021.
As per Brandon Thurston of Wrestlenomic’s, the company has always had this feeling that their stock was undervalued. The merger between the WWE and UFC had brought on hopes that this would separate the assets from the company and help increase stocks, but the prices continued to plummet.
In fact, even TKO Holding’s stock has decreased. Once traded at $100 per share, they recently closed at around $78 each share.
Vince McMahon announced the WWE/UFC merger this past April, after WrestleMania 39. Everything wasn’t finalized until September 12, when a TKO group debuted on the New York Stock Exchange.
