Note On What Ari Emanuel Told TKO Employees About Endeavor’s Strategic Alternatives Review

A new report has details on Ari Emanuel told TKO Group employees about their announcement that they are reviewing ‘strategic alternatives’ in regard to Endeavor. As reported yesterday, Endeavor (which owns TKO, aka WWE and the UFC) announced that they were initiating a formal review of potential options to “maximiz[e] value for our shareholders.” Silver Lake, a global technology firm that owns 71% of Endeavor’s voting power, announced soon after that they were considering a proposal to take Endeavor private.

According to a report by CNBC’s David Faber on Sqauwk on the Street (per PWInsider), Emanuel told TKO employees on Wednesday afternoon via an email that TKO Group HOldings would not be involved or see any changes in regard to whatever plan (if any) the company ends up deciding.

Endeavor’s stock was up big today following the news, rising 25.62% to $22.26. That’s in comparison to Wednesday’s closing price of $17.72, which was close to the 52-week low of $17.65. The 52-week high for comparison is $26.26. The all-time closing high for the stock was December 27th, 2021 when it closed at $35.03.

TKO Group Holdings’ stock closed at $81.11 on Thursday, up $2.47 (3.14%).