Endeavor, the Entertainment Company Led by Ari Emanuel, to Go Private

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Endeavor, the sports and entertainment company led by the Hollywood superagent Ari Emanuel, said on Tuesday that it planned to go private, nearly three years after joining the public stock markets. The transaction — led by Silver Lake, the investment firm that has been Endeavor’s longtime financial backer — is meant to usher in a new era for Endeavor, whose ambitious growth story failed to gain traction on Wall Street. 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 transaction values Endeavor at about $8.2 billion. Including its debt, the company is valued at $13 billion, making the acquisition among the biggest by a private equity firm this year.