Private equity firm Silver Lake announced Tuesday that it's acquiring entertainment company Endeavor Group Holdings for $27.50 a share.
Endeavor is being acquired at an equity value of $13 billion, according to a release from the entertainment company.
Endeavor is also the majority owner of TKO Group Holdings , which owns the UFC and WWE.
Silver Lake initially invested in Endeavor in 2012 and supported the company's acquisition of UFC in 2016.
Silverlake's co-CEO Egon Durban and managing director Stephen Evans were members of Endeavor's board ahead of the acquisition.
Persons:
Silver Lake, Egon Durban, Ariel Emanuel, Silver, Silverlake's, Stephen Evans
Organizations:
Silver Lake, Endeavor Group Holdings, Endeavor, Silver, WME, IMG Academy, Holdings, UFC, WWE