The New York Post reports that Ari Emmanuel is seeking to purchase the UFC. The story speculates that the UFC is now valued at $6-$10 billion. With news that Endeavor will make another go at an IPO, Emmanuel is rumored to want to purchase the remaining 49.9% it does not own. Silver Lake and KKR […]
Endeavor
Endeavor announces plans for IPO
Sportico broke the news that Endeavor, the owners of the UFC, have filed paperwork for an initial public offering with the Securities and Exchange Commission. You might recall that Endeavor planned an IPO in 2019 but pulled back the launch. According to its 2019 prospectus it had $3 billion in revenue. With the IPO in […]
Endeavor secures additional $260M loan
The Wall Street Journal reports that Endeavor Group has secured a $260 million loan to help its operations as it continues to fight through an economic downturn during the shuttering of events. The newfound funds will carry an almost 11% interest rate. JPMorgan Chase & Co. will serve as the servicer and Oaktree Capital Group […]
Endeavor sells off stake in Fortnite, will not sell UFC
Endeavor is selling part of its stake in Epic Games, Inc., the publisher of video game Fortnite according to a report from Bloomberg. The owners of the UFC are hoping this move will help its fledgling businesses which have been hit hard by the coronavirus. Endeavor will still hold onto some piece of Epic Games, […]
Endeavor looks to raise $250M to keep afloat, looks to Silver Lake for help
UFC parent company Endeavor is looking to raise $250 million to offset the impact the coronavirus has had on its business per the New York Post. The company is looking at private equity firm Silver Lake for help. Silver Lake owns a 42% stake in the business already and will be looking to other institutions […]