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Silver Lake, the investment company, will buy shares in the Hollywood and sports firm that it doesn’t already own, valuing Endeavor at $13 billion.
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.
For more than a decade, Mr. Emanuel and his business partner, Patrick Whitesell, sought to turn what had started as a talent agency — with clients like Dwayne Johnson and Ben Affleck — into a new kind of media powerhouse: an organization that comprised not only the top talent in sports, entertainment and fashion but the content businesses to spotlight that talent. It was a vision that differed from rivals like Creative Artists Agency, which also took on outside investors but stuck largely with a traditional agency business.
Guiding the firm was the unlikely pairing of Mr. Emanuel, satirized by Jeremy Piven on the HBO show “Entourage” as a hyper-aggressive shouter, and Egon Durban, the cerebral deal maker behind some of Silver Lake’s biggest transactions.
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