Alex Weprin of The Hollywood Reporter reports that Endeavor has bought 100% of the UFC. The news comes as the company prepares for its Initial Public Offering later this year. Sportico reports that Endeavor will be raising $1.75 billion to buy the rest of the UFC. Endeavor and the UFC entered a deal on February […]
Endeavor
Report: Emmanuel mulling over UFC purchase prior to Endeavor IPO
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, […]