OpenBet and IMG Arena parent company Endeavor will go private in a $13 billion deal

Endeavor Group Holdings, a prominent talent and entertainment agency, is set to become a private entity in 2025 through a $13 billion deal with Silver Lake.

Majority-owned by Silver Lake, the agreement involves a cash payout of $27.50 per share to stockholders.

This move excludes TKO Group, while merging OpenBet and IMG Arena. Another significant privatization deal involves Nuvei $6.3 billion acquisition by Advent International.

 

[Qwert135]

This is everyday big deal which actually both of the companies will go through indeed the company who is selling their share in the market at such a good price and definitely try to launch their business from a new mind set properly or they can actually still hold their shares and can make passive income in the form of dividends as well from the market