Following the news last 12 months that TKO parent company Endeavor was going private, the move has finally been made official, based on a report from Wrestlenomics. The outlet stated that the change won’t have a significant effect on WWE, as TKO will remain a publicly-traded company and no significant personnel or policy shake-ups are expected.
As a part of the transition, Endeavor will grow to be referred to as WME Group, as a reference to the corporate’s previous name — William Morris Endeavor. The corporate is now owned by a non-public equity firm referred to as Silver Lake. Ari Emanuel, who previously served because the CEO of Endeavor, will now function because the Executive Chairman of WME Group. Similarly, Mark Shapiro’s title will change from President and Chief Operating Officer to President and Managing Partner.
With Endeavor/WME now exiting the stock market, the report noted that the corporate’s shares are trading at roughly the identical price that they were when the stock debuted in 2021. This could be seen as a disappointment to many, but based on the corporate, the take care of Silver Lake marks the costliest agreement to take an organization private in history. The deal valued Endeavor at $25 billion and offered stockholders with the corporate $27.50 per share.
Along with TKO, WME Group’s holdings include talent agencies, PR firms, and media brands. With WME owning 59% of TKO, the subsidiary will proceed having stocks traded available on the market. Along with WWE, TKO’s assets consist of the UFC, the PBR bull riding league, a talent agency called IMG, and a live events company called On Location Experiences.
