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☆ CNBC Sport: Adam Silver speaks exclusively, and TKO makes a big bet
  + stars: | 2024-10-24 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com   time to read: +21 min
☆ TKO Group to acquire IMG, Professional Bull Riders and On Location from Endeavor for $3.25 billion
  + stars: | 2024-10-24 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com   time to read: +2 min
TKO Group , the company that owns WWE and UFC, is expanding into sports-adjacent properties by acquiring three businesses for $3.25 billion from its controlling owner, Endeavor Group . The businesses are Professional Bull Riders, On Location, and IMG, the companies announced Thursday. The deal is all stock, and Endeavor's ownership in TKO will increase from 53% to 59%. While the company does acquire a new league in PBR, the world's largest bull riding league, it also is expanding into luxury hospitality with On Location and media rights consultancy through IMG. "At TKO, we're primarily interested in league ownership if that exists and businesses that can power our current sports ecosystem.
Persons: Ari Emanuel, Dwayne, Johnson, Mark Shapiro, we're, Silver Lake, Shapiro, Sean Gleason, TKO Organizations: CNBC, New York Stock Exchange, WWE, UFC, Endeavor Group, Professional Bull Riders, IMG, Endeavor, Silver Lake, Silver, PBR, Ryder, FIFA, NFL, English Premier League, National Hockey League, Major League Soccer Locations: New York City, U.S
☆ Opinion | The Strongest Case for Biden Is His Resilience in the Face of the Onslaught
  + stars: | 2024-07-11 | by ( Charles M. Blow | ) www.nytimes.com   time to read: +1 min
Joe Biden is still standing, refusing to bow out — he reiterated that once again in a lengthy and mostly successful news conference on Thursday night. Some may view it as selfish and irresponsible. Some may even see it as dangerous. But I see it as remarkable. Despite sending a clear message — in his recent flurry of interviews and rallies, in his stalwart address this week to members of the NATO alliance and in his letter on Monday to congressional Democrats, in which he assured them that “I wouldn’t be running again if I did not absolutely believe I was the best person to beat Donald Trump in 2024” — there’s still a slow drumbeat from luminaries, donors and elected officials trying to write Biden’s political obituary.
Persons: Joe Biden, —, Donald Trump, Ari Emanuel, Rahm Emanuel, Biden “, Stephen King, ” Abigail Disney, Walt Disney, “, Biden Organizations: NATO Locations: Japan
☆ Hollywood turns on Biden as major supporters and fundraisers call on him to withdraw from race
  + stars: | 2024-07-11 | by ( Oliver Darcy | ) edition.cnn.com   time to read: +4 min
New York CNN —Joe Biden is losing a particularly influential corner of support: Hollywood. “I love Joe Biden. “It’s devastating to say it, but the Joe Biden I was with three weeks ago at the fund-raiser was not the Joe ‘big F-ing deal’ Biden of 2010. He wasn’t even the Joe Biden of 2020. I’m told that the Biden campaign has actively been making phone calls to Hollywood supporters, working to maintain their support in this turbulent moment.
Persons: New York CNN — Joe Biden, George Clooney, Joe Biden, ” Clooney, he’s, ”, Joe ‘, ’ Biden, wasn’t, “ Joe Biden, Clooney, Biden, Rob Reiner, Donald Trump, Reed Hastings, Damon Lindelof, Biden “, Abigail Disney, Ari Emanuel, “ Donald Trump, ‘, ” Emanuel, “, I’m, won’t, ’ Organizations: New York CNN, Hollywood, New York Times, City of Angels, Democratic, CNN, Netflix, Trump, Democratic Party, Biden Locations: New York, Hollywood
☆ Angry and stunned Democrats blame Biden’s closest advisers for shielding public from full extent of president’s decline
  + stars: | 2024-07-11 | by ( Mj Lee | Jeff Zeleny | Kayla Tausche | ) edition.cnn.com   time to read: +16 min
“It’s not like Biden’s inner circle didn’t know this,” one Democratic strategist close to the White House said of the extent of the president’s recent decline. “Expect a drip, drip, drip,” said one former Biden White House official. “Blinders are off and everyone is aware,” one source close to the White House told CNN. “He’s declined,” one House Democratic lawmaker who attended the gala told CNN. She wields influence in the White House and campaign, and sits in on some of the president’s political meetings.
Persons: Joe Biden, George Clooney wasn’t, Biden, “, ”, Barack Obama, Obama, Bill Clinton, “ He’s, –, ’, Camp David, “ It’s, Tom Vilsack –, Andrew Bates, “ Joe Biden, ” Bates, Jens Stoltenberg, Keir Starmer, Jacquelyn Martin, Nancy Pelosi, Lester Holt, Ari Emanuel, Ron Klain, ” Emanuel, Klain, Emanuel, Bates, Brett McGurk, Xi Jinping, Kevin Lamarque, Lady Jill Biden, Hunter Biden’s, Emmanuel Macron, Jill Many, Jill Biden, Chris Kleponis, “ She’s, she’s, Jill Biden’s, Valerie Biden Owens, Jill, Valerie won’t, CNN’s Priscilla Alvarez, Kylie Atwood, Betsy Klein, Arlette Saenz, Phil Mattingly Organizations: CNN, Peacock Theater, Radio City Music Hall, Democrat, White, Democratic, Biden, Camp, Los, “, Biden White House, NATO, British, AP, MSNBC, NBC, White House, Congressional Hispanic Caucus, Economic Cooperation, Getty, Democratic Party Locations: Los Angeles, Italy, California, New York, Washington, Las Vegas, Aspen , Colorado, United States, Filoli, Asia, Woodside , California, Wilmington , Delaware, Paris, France, Wilmington, Pennsylvania, AFP
☆ One of the most powerful men in entertainment just called OpenAI's Sam Altman a 'con man' who can't be trusted
  + stars: | 2024-06-28 | by ( Lloyd Lee | ) www.businessinsider.com   time to read: +1 min
Ari Emanuel, CEO of media conglomerate Endeavor, called for guardrails on artificial intelligence. But he said OpenAI CEO Sam Altman can't be trusted and the government needs to step in. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAri Emanuel, CEO of Endeavor, the sports and entertainment conglomerate, called OpenAI CEO Sam Altman a "con man" who can't be trusted with artificial intelligence.
Persons: Ari Emanuel, Sam Altman, —, Altman, Emanuel, Elon Musk Organizations: Endeavor, Aspen Ideas, Service, Ideas, Business
☆ How to behave as a superyacht guest
  + stars: | 2024-06-09 | by ( Madeline Berg | ) www.businessinsider.com   time to read: +8 min
Meantime, Giorgio Armani held a party on his yacht for the likes of Sydney Sweeney and Kerry Washington. Being a guest on a superyacht is probably the best kind of guest to be — but the etiquette aboard the multimillion-dollar vessels comes with its own idiosyncrasies. The very few who need to know them — there are only about 5,800 yachts longer than 30 meters at sea, according to SuperYacht Times — already know them. The price to charter Triumph, a 65-meter superyacht, starts at $650,000 a week. According to the industry standard, owning a superyacht will cost 10% of its new-build price annually.
Persons: —, Mark Zuckerberg, Jeff Bezos, Barry Diller, Bezos, Koru, Bill Gates, Ari Emanuel, Leonardo DiCaprio, Eos, Diane von Furstenberg, Candice Bergen, Emma Thompson, Jason Blum, Giorgio Armani, Sydney Sweeney, Kerry Washington, they're, Rich, Fraser, he'd, Superyachts Organizations: Service, Business, SuperYacht, Palm, Breed Media, Fraser Yachts, Lamborghini Locations: superyachts, Aden
☆ The chilling parallels a woman sees between the Trump trial and her accusations against Harvey Weinstein
  + stars: | 2024-05-22 | by ( Elizabeth Wagmeister | ) edition.cnn.com   time to read: +16 min
I reported him and then I just tried to follow the justice and what they told me to do,” Battilana Gutierrez told CNN in a recent interview. Battilana Gutierrez says she sees chilling parallels between the alleged conspiracy surrounding a hush-money payment connected to Trump and what happened to her. “It would be very interesting to see if he had to speak about the Harvey Weinstein trial,” Battilana Gutierrez said of Pecker. Of Battilana Gutierrez, he added, “Harvey wishes her well and hopes only for happiness and success for her.”Eventually, Battilana Gutierrez did sign a non-disclosure agreement with Weinstein’s legal team. Mark Peterson/Redux“Both Harvey Weinstein and Donald Trump were ‘FOPs’ – Friends of Pecker,” Cartwright told CNN.
Persons: Ambra Battilana Gutierrez, Harvey Weinstein, –, ” Battilana Gutierrez, “, ”, Battilana Gutierrez, Weinstein, Donald Trump, David Pecker –, Trump, Jeenah, Michael Cohen, ” Pecker, Arnold Schwarzenegger, Ari Emanuel, Rahm, Barack Obama’s, Schwarzenegger, Ari, Rahm Emanuel, Pecker, ’ Battilana Gutierrez, ’, ” Harvey Weinstein, Natalia V, ” Weinstein’s, Juda Engelmayer, “ Ms, Gutierrez ’, ” Engelmayer, Battilana, Julia Nikhinson, he’s, Harvey Weinstein’s, “ Harvey, Judge James Burke, ” Gutierrez, Ronan Farrow, Cyrus Vance , Jr, Eduardo Munoz, Cyrus Vance, ” Vance, Vance, Attorney Alvin Bragg, Weinstein’s, Lachlan Cartwright, Ambra, ” Cartwright, David J, Mark Peterson, Rose McGowan’s, Cartwright, McGowan, American Media …, Timothy A, Clary, Jason Kravarik Organizations: CNN, Trump, American Media Inc, National, Manhattan Criminal, Staff, Chicago mayorship, National Enquirer, New Yorker, The New York Times, New, Weinstein’s, Manhattan District, Manhattan DA, Manhattan, Attorney’s, Attorney, Attorney’s Office, New York Times Magazine, AMI, Manhattan DA’s, New York Times, Enquirer, Yorker, Weinstein Company, Pecker, Radar, “, American Media, Model Alliance, Getty Locations: Italian, New York City, Manhattan, New York, Los Angeles, Italy, York, New, Angeles, AFP, CNN’s
☆ Takeaways from the Trump hush money trial: Ex-publisher details tabloid tactics
  + stars: | 2024-04-25 | by ( Jeremy Herb | Lauren Del Valle | Kara Scannell | ) edition.cnn.com   time to read: +10 min
“As we walked out, President Trump asked me, ‘How’s Karen doing, how’s Karen doing?’ So, I said, ‘She’s doing well, she’s quiet, everything’s going good.’” Pecker said. I thought you had this under control.”Pecker also received a call from Trump after McDougal was interviewed by CNN’s Anderson Cooper in March 2018. Pecker told Trump on the call that he had amended McDougal’s agreement on speaking to other media. “But the US Supreme Court had a monumental hearing on immunity and the immunity having to do with presidential immunity. “So, you ran articles about President Trump because it was good for business?” Bove asked.
Persons: David Pecker, Donald Trump’s, Karen McDougal’s, Trump, Stormy Daniels, Michael Cohen, Pecker, Cohen, Daniels, McDougal, Juan Merchan, Merchan, Trump’s, ‘ How’s Karen, how’s Karen, ‘ She’s, ” Pecker, CNN’s Anderson Cooper, “, Chris Conroy, ” Conroy, CNN’s Kristen Holmes, Jackson, CNN Trump, ” Trump, Emil Bove, Quizzing, Bove, Dino Sajudin, ” Bove, Stelter, Bove’s, –, Arnold Schwarzenegger, Schwarzenegger, Ari Emanuel, Mark Wahlberg, Rahm Emanuel, Tiger Woods, Woods, ”, Wahlberg Organizations: CNN, Former American Media Inc, Trump, AMI, White House, Wall, Office, National Enquirer, National, Pecker, California, Chicago, ” CNN Locations: Manhattan, Washington, New York, New York City, Bedminster, CNN’s, Japan
☆ Vince McMahon is taking vacations and in touch with Trump as WWE tries to move on from scandal-plagued ex-CEO
  + stars: | 2024-04-17 | by ( Alex Sherman Chloe Melas | Nbc News | Alex Sherman | ) www.cnbc.com   time to read: +10 min
WWE and its parent company, TKO, have said that they take Grant's allegations "very seriously." Staying in touchMcMahon has also talked to Trump, according to two of the people close to the wrestling impresario. The two billionaires have been in touch regularly, according to a person close to McMahon, although it isn't clear what they've discussed. Another person close to McMahon said that the two men don't discuss their legal problems and that Trump doesn't provide legal advice. Publicly, Johnson has thanked TKO and WWE executives regarding his addition to the TKO board earlier this year.
Persons: Vince McMahon, Donald Trump, Mark, McMahon, Janel Grant, he's, hasn't, Mark Shapiro, doesn't, McMahon hasn't, Paul, Levesque, Stephanie McMahon, wasn't, Jessica Rosenberg, Grant's, Jan, John Laurinaitis, Janel, couldn't, Ann Callis, Grant, Nicholas Biase, Linda McMahon, McMahon's, Bill Pugliano, Donald J, Trump, Dwayne, Johnson, John Cena, Cena, Howard Stern, I'm, William Morris, Cena didn't, Endeavor Group's, Ari Emanuel, Brendan Mcdermid Organizations: WWE, Austin Straubel, Getty, World Wrestling, NBC News, CNBC, Triple, Federal, U.S, Attorney's, Southern, of, Trump, WWE Hall of Fame, PAC, Trump Media, Technology Group, Street Journal, Trump Foundation, Hollywood, William, William Morris Endeavor, Endeavor Group, Endeavor, Endeavor Group's UFC, Longtime Hollywood, New York Stock Exchange Locations: Green Bay , Wisconsin, United States, Caicos, Italy, of New York, Connecticut, Manhattan, Atlantic City, Trump's, York, New York City, U.S
☆ Endeavor, the Entertainment Company Led by Ari Emanuel, to Go Private
  + stars: | 2024-04-02 | by ( Michael J. De La Merced | More About Michael J. De La Merced | ) www.nytimes.com   time to read: +1 min
Endeavor, the sports and entertainment company led by the Hollywood super agent Ari Emanuel, said on Tuesday that it planned to go private with the help of Silver Lake, the investment firm that has been its longtime financial backer. Under the terms of the deal, Silver Lake will buy the shares in Endeavor that it doesn’t already own for $27.50 a share in cash. That price is 55 percent above where Endeavor’s shares were trading on Oct. 25, the day before the company said it was weighing deal options. The deal values Endeavor, including its debt, at $13 billion. The long-awaited transaction is meant to usher in a new era for Endeavor, whose ambitious growth story failed to gain traction on Wall Street.
Persons: Ari Emanuel, Silver, Emanuel, Patrick Whitesell, Dwayne Johnson, Ben Affleck — Organizations: Endeavor, Hollywood Locations: Silver
☆ How WME trains its future agents to nurture the next A-list client like Selena Gomez or Ryan Coogler
  + stars: | 2024-03-25 | by ( Lucia Moses | ) www.businessinsider.com   time to read: +8 min
Read previewAt the talent agency WME, top agents work to nurture the careers of A-list stars like Selena Gomez and Ryan Coogler. AdvertisementTrainees learn from WME clients like Rachel Maddow. At the end of each year, there's a fireside chat with Mark Shapiro, president and COO of WME parent Endeavor and TKO, who's been joined by WME clients Rachel Maddow and Robin Roberts. AdvertisementThe program helped lead to a TV show dealTrainees presented a business plan for WME client Christina "Tinx" Najjar. (The trainee program is separate from WME's highly competitive mailroom program that trains recent college grads to become agent assistants.)
Persons: —, Selena Gomez, Ryan Coogler, Marc Korman, Rachel Maddow, Nathan Congleton, Mike Simpson, Quentin Tarantino, there's, Mark Shapiro, who's, Robin Roberts, Justin Timberlake, Korman, Christina, Tinx, Dia Dipasupil, William Morris, Anna DeRoy, Talitha Garrett, WME's, Garrett, DeRoy, WME, It's, Ari, Ari Emanuel, COVID, they'll, Nat Wyatt, Maddow, Sunny Hostin, Wyatt, they're, Olivia Rodrigo Organizations: Service, Business, Getty, Endeavor, HBO Locations: NBCU, Silicon, Nashville
☆ Shares of UFC and WWE parent company are primed to rally 40%, Jefferies says
  + stars: | 2024-02-12 | by ( Pia Singh | ) www.cnbc.com   time to read: +4 min
Jefferies thinks investors should buy up TKO Group , calling the company a "knockout combo" of two major entertainment giants. That price target suggests shares could jump more than 39 % from Friday's close. The company is 51% owned by Endeavor Group Holdings, which owns UFC and Hollywood talent agency WME, and 49% owned by WWE shareholders. That price target suggests shares could jump more than 39% from Friday's close. Kronos Worldwide Inc KRO ANALYST CONSENSUS 3 Ratings Hold 0 Strong Buy 0 Strong Buy 1 Buy 1 Buy 0 Hold 0 Hold 2 Underperform 2 Underperform 0 Sell 0 Sell Current Price ( ) 11.00 Highest Price Target Upside (-4.3%) 8.67 Average Price Target 7.00 Lowest Price Target
Persons: Jefferies, Randal Konik, WME, Ari Emanuel, Konik, Dana White, Vince McMahon, Ariel Emanuel, Mark Shapiro, Michelle Farsi, Kronos Organizations: World Wrestling Entertainment, Endeavor Group Holdings, UFC, Hollywood, WWE, Endeavor, New York Stock Exchange, Getty, Inc Locations: Friday's, New York City
☆ Paul ‘Triple H’ Levesque makes public comments after WWE employee’s sex trafficking accusations against Vince McMahon
  + stars: | 2024-01-28 | by ( Elisabeth Buchwald | Eva Rothenberg | ) edition.cnn.com   time to read: +2 min
New York CNN —Paul “Triple H” Levesque, the chief content officer at World Wrestling Entertainment, made his first public comments after Vince McMahon resigned Friday from the board of WWE’s parent company, TKO Group Holdings, in the wake of a former employee’s lawsuit accusing McMahon of sex trafficking, sexual assault and physical abuse. The horrifying allegations against McMahon were brought forward by Janel Grant, who worked at WWE’s headquarters. Grant alleged McMahon promised a job ­— and later promotions ­— at WWE in exchange for sex. Grant’s lawsuit also includes allegations McMahon trafficked her to other men inside and outside the company, including John Laurinaitis, a former wrestler who worked in the company’s talent relations department. The deal valued the newly combined company at over $21 billion, with WWE shareholders owning 49% of the combined company.
Persons: New York CNN — Paul “, New York CNN — Paul “ Triple H ” Levesque, Vince McMahon, McMahon, WWE’s, Levesque, McMahon’s, ” Levesque, he’s, Janel Grant, Grant, —, John Laurinaitis, Laurinaitis, Ari, Cody Rhodes, Dwayne “, ” Johnson, Samantha Delouya, Elizabeth Wagmeister, Jordan Valinsky Organizations: New, New York CNN, New York CNN — Paul “ Triple, World Wrestling Entertainment, Holdings, WWE, Endeavor, UFC, Netflix Locations: New York, St . Petersburg , Florida, WWE’s, Laurinaitis, Hollywood
☆ Vince McMahon, WWE founder, resigns amid sex trafficking allegations
  + stars: | 2024-01-26 | by ( Samantha Delouya | ) edition.cnn.com   time to read: +5 min
CNN —Vince McMahon has resigned from his role as executive chairman of TKO, the parent company of WWE, following disturbing allegations of sexual assault, trafficking and physical abuse. In the lawsuit, Grant alleged that McMahon dangled a job offer at WWE – and later promotions – in exchange for sex. McMahon engaged in acts of “extreme cruelty and degradation” toward Grant during her time at WWE, the lawsuit alleged. He initially retired from his role as CEO and chairman of WWE in July 2022 amid allegations of sexual misconduct. The investigation was closed in November 2022 and McMahon returned to WWE’s board in January 2023.
Persons: Vince McMahon, Janel Grant, behemoth McMahon, McMahon, ” McMahon, Grant, John Laurinaitus, Nick Khan, ” Khan, “ McMahon, ” McMahon’s, Grant’s, Ari, “, Ann Callis, McMahon’s, Dwayne “, ” Johnson, ”, Johnson Organizations: CNN, WWE, UFC, Hollywood, Ari Emanuel’s Endeavor Group, Netflix Locations: Laurinaitis
☆ Vince McMahon accused of trafficking former WWE employee in new lawsuit
  + stars: | 2024-01-25 | by ( Samantha Delouya | Jordan Valinsky | ) edition.cnn.com   time to read: +8 min
CNN —A former WWE staffer has accused the company’s founder, Vince McMahon, of sexual assault, trafficking and physical abuse in a lawsuit filed Thursday. In a statement, WWE’s parent company, TKO Group Holdings, said McMahon does not control TKO or oversee day-to-day operations at WWE. Led by McMahon, WWE and UFC, a mixed-martial arts entertainment competitor, announced in April 2023 that they would combine to form TKO. Lawsuit details disturbing allegationsAccording to the lawsuit, Grant was introduced to McMahon in 2019 when she was looking for work. The lawsuit also detailed an alleged sexual assault among Grant, McMahon and Laurinaitis that occurred at WWE’s headquarters in 2021.
Persons: CNN —, Vince McMahon, Janel Grant, McMahon, Grant, –, John Laurinaitis, ”, WME, Ann Callis, “, ” Callis, Mr, ” McMahon, Ari, Dwayne “, ” Johnson, Johnson Organizations: CNN, WWE, UFC, ” WWE, Endeavor, Netflix Locations: Connecticut, McMahon’s, Laurinaitis, Hollywood
☆ Dwayne Johnson on joining TKO board: I'm sitting at a board that my grandfather and dad helped build
  + stars: | 2024-01-23 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDwayne Johnson on joining TKO board: I'm sitting at a board that my grandfather and dad helped buildTKO CEO Ari Emanuel and Dwayne ‘The Rock’ Johnson, actor, producer, entrepreneur and newly appointed TKO board director, join 'Squawk on the Street' to discuss the company's 10-year deal with Netflix to stream WWE’s flagship program “Raw” starting next year, news of Dwayne Johnson joining the TKO board, Johnson on the XFL-USFL merger, tequila sales, and more.
Persons: Dwayne Johnson, Ari Emanuel, Dwayne ‘, ’ Johnson, ”, Johnson Organizations: Netflix, XFL, USFL
☆ Watch CNBC's full interview with TKO CEO Ari Emanuel and Seven Bucks Companies CEO Dwayne 'The Rock' Johnson
  + stars: | 2024-01-23 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with TKO CEO Ari Emanuel and Seven Bucks Companies CEO Dwayne 'The Rock' JohnsonTKO CEO Ari Emanuel and Dwayne 'The Rock' Johnson, actor and newly appointed TKO board director, join 'Squawk on the Street' to discuss the company's 10-year deal with Netflix to stream WWE's flagship program 'Raw' starting next year, news of Dwayne Johnson joining the TKO board, Johnson on the XFL-USFL merger, tequila sales, and more.
Persons: Ari Emanuel, Dwayne, Johnson, Dwayne Johnson Organizations: Seven Bucks, Netflix, XFL, USFL
☆ TKO CEO Ari Emanuel: Netflix deal strengthens the WWE brand 'on a global basis'
  + stars: | 2024-01-23 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTKO CEO Ari Emanuel: Netflix deal strengthens the WWE brand 'on a global basis'TKO CEO Ari Emanuel and Dwayne ‘The Rock’ Johnson, actor, producer, entrepreneur and newly appointed TKO board director, join 'Squawk on the Street' to discuss the company's 10-year deal with Netflix to stream WWE’s flagship program “Raw” starting next year, news of Dwayne Johnson joining the TKO board, Johnson on the XFL-USFL merger, tequila sales, and more.
Persons: Ari Emanuel, Dwayne ‘, ’ Johnson, ”, Dwayne Johnson, Johnson Organizations: Netflix, WWE, XFL, USFL
☆ Vince McMahon plans to sell a big chunk of his shares in WWE parent TKO
  + stars: | 2023-11-09 | by ( Mike Calia | ) www.cnbc.com   time to read: +2 min
World Wrestling Entertainment Inc. Chairman Vince McMahon appears in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 in Las Vegas, Nevada. Vince McMahon plans to sell a substantial chunk of his stake in TKO , the parent company of WWE, the wrestling empire founded by his father, TKO said in a release ThursdayTKO's stock fell 5% after the closing bell Thursday. McMahon intends to sell 8.4 million of his shares, worth about $700 million. He owned more than 28 million shares as of August, according to a regulatory filing. The company said it and several executives are looking to buy shares from McMahon.
Persons: Vince McMahon, TKO, McMahon, honcho, Dwayne, Johnson, John Cena, Ari Emanuel, hasn't Organizations: Entertainment Inc, WWE, Thomas &, Forbes, UFC, Endeavor Group, Endeavor, Endeavor's Locations: Las Vegas , Nevada, McMahon, Silver
☆ The Israel-Hamas war threatens to derail Middle Eastern investment in US media and entertainment
  + stars: | 2023-11-04 | by ( Lucia Moses | ) www.businessinsider.com   time to read: +6 min
Still, the US presence highlighted the deepening ties between Hollywood and the region , as Western media, entertainment, and sports entities have seen major investment in recent years from Saudi, Qatar, and the UAE. Even before October 7, US entities that were receiving investment from the Middle East were reluctant to speak publicly about those relationships. Insider spoke with investors, producers, and other media and entertainment stakeholders about what's next for Hollywood's relationships with Mideast backers. Qatar hasn't seen any recent major deals but earlier this year, Peter Chernin and Providence Equity's production roll-up The North Road received $150 million from the Qatar Investment Authority. "The political nature gets more complicated," an industry insider observer said, noting how countries like Qatar are grabbing headlines for their role in the situation.
Persons: haven't, Jamal Khashoggi, Israel, it's, Knaebel, They're, Greg Silverman's, Silverman, Harry Potter, Chris Nolan's, Abu Dhabi's, Ari Emanuel, Peter Chernin, Jeff Zucker, LIV Golf Organizations: Film, Washington Post, Hollywood, Global Media, Saudi, Stampede Ventures, Warner Bros, Endeavor, Qatar hasn't, Providence, North, Qatar Investment Authority, IMI, CNN, Investment Fund, PGA Locations: Saudi Arabia, American, Jeddah, Saudi, Qatar, UAE, Gaza, Israel, Germany, Silver
☆ Silver Lake Looks to Privatize Hollywood Agency Titan Endeavor
  + stars: | 2023-10-25 | by ( Jessica Toonkel | Joe Flint | ) www.wsj.com   time to read: 1 min
Ari Emanuel, chief executive officer of Endeavor, says, ‘an evaluation of strategic alternatives is a prudent approach’ to ‘maximizing value for our shareholders.’ Photo: Kyle Grillot/Bloomberg NewsPrivate-equity giant Silver Lake said it is working on a proposal to take private Endeavor Group Holdings, the owner of talent agencies WME and IMG. “Silver Lake firmly believes in Endeavor’s business and is not interested in selling its shares in Endeavor to a third-party nor in entertaining bids for assets that are a part of Endeavor,” the firm wrote in a statement. Silver Lake owns about 71% of the voting stake in Endeavor.
Persons: Ari Emanuel, Kyle Grillot, Silver Organizations: Endeavor, ’, Bloomberg, Private, Endeavor Group Holdings, Silver Lake
☆ Ari Emanuel's Endeavor says it will explore strategic alternatives, sending stock higher
  + stars: | 2023-10-25 | by ( Mike Calia | ) www.cnbc.com   time to read: +1 min
Endeavor Group Holdings , the talent agency and sports company run by Ari Emanuel, said Wednesday it would start exploring strategic alternatives for the company, which could mean a potential sale. The move comes weeks after French billionaire Francois-Henry Pinault agreed to buy a majority stake in Endeavor rival Creative Artists Agency. Endeavor's market value, likewise, was $7.79 billion as of Wednesday's market close, having declined 21% so far this year. Notably, Endeavor said it wouldn't consider ditching its interest in TKO Group Holdings , the newly formed combat sports company that includes Vince McMahon's WWE and Dana White's UFC. Endeavor owns 51% of TKO, which began trading on the New York Stock Exchange last month.
Persons: Ari Emanuel, Mark Bradford, George Lucas, Gucci, Emanuel, Francois, Henry Pinault, Vince McMahon's, Dana White's, – CNBC's Alex Sherman Organizations: Endeavor Group Holdings, Endeavor, Creative Artists Agency, Holdings, Vince McMahon's WWE, Dana White's UFC, New York Stock Exchange Locations: LACMA, Los Angeles , California
☆ Silver Lake working to take entertainment giant Endeavor private
  + stars: | 2023-10-25 | by ( Dawn Chmielewski | ) www.reuters.com   time to read: +2 min
Trading information and logo for Endeavor Group Holdings, Inc. is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 10, 2023. REUTERS/Brendan McDermid/File photo Acquire Licensing RightsOct 25 (Reuters) - Private equity firm Silver Lake said on Wednesday it was working on a proposal to take talent and media company Endeavor Group Holdings (EDR.N) private, after Endeavor announced it had begun a review to explore alternatives that better value the company. "Silver Lake is currently working toward making a proposal to take Endeavor private," it said. Endeavor Group, which has diversified holdings in talent-management, live sports and festivals, is valued at around $8.4 billion. The private equity firm acquired a minority stake in the William Morris Endeavor talent agency in 2012, and Silver Lake Co-CEO Egon Durban and managing partner Stephen Evans serve on Endeavor's board of directors.
Persons: Brendan McDermid, Silver Lake, Francois, Henri Pinault, Ari Emanuel, Emanuel, William Morris, Egon Durban, Stephen Evans, Jaspreet Singh, Dawn Chmielewski, Devika Syamnath, Shailesh Kuber, Rod Nickel, Tom Hogue, David Gregorio Our Organizations: Endeavor Group Holdings, Inc, New York Stock Exchange, REUTERS, Silver, Endeavor, Creative Artists Agency, Endeavor Group, Boston Red Sox, Fenway Sports Group, PGA, Reuters, William, William Morris Endeavor, Thomson Locations: New York City, U.S, Bengaluru, Dawn, Los Angeles
☆ Ari Emanuel’s Endeavor is considering the sale of some of its assets
  + stars: | 2023-10-25 | by ( Samantha Delouya | ) edition.cnn.com   time to read: +2 min
New York CNN —Endeavor Group Holdings, led by the high-power agent to the stars, Ari Emanuel, said that it is considering a sale of some of its assets. Earlier this year, Endeavor, which owns mixed martial arts company UFC, merged with World Wrestling Entertainment to create TKO Holdings. Shares of TKO Holdings, which is a separate publicly traded company apart from Endeavor, climbed nearly 2% in after-hours trading Wednesday. Correction: A previous version of this story incorrectly identified the assets Endeavor is considering selling as well as IMG's function. Endeavor is considering strategic options for its companies but did not identify any particular asset for sale.
Persons: Ari Emanuel, ” “, ”, Ariel Emanuel, Endeavor’s, Dwayne “, ” Johnson, Matt Damon, Emanuel, Francois, Henri Pinault Organizations: New, New York CNN — Endeavor Group Holdings, Wednesday, Endeavor, Company, IMG, Holdings, UFC, World Wrestling Entertainment, CAA Locations: New York
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