Silver Lake Says It’s Working on Offer to Buy Endeavor Group

  • Announcement comes after Endeavor says it’s weighing options
  • Shares of Endeavor and TKO Group subsidiary have been dropping
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Silver Lake Management, the private equity group, is considering making a takeover bid for Endeavor Group Holdings Inc., the talent agency and entertainment company behind World Wrestling Entertainment and Ultimate Fighting Championship.

Silver Lake, which holds a 71% voting stake in Endeavor, said in a statementBloomberg Terminal late Wednesday that it “firmly believes in Endeavor’s business.”