Endeavor Group Holdings has announced that it is undergoing a formal review to assess strategic alternatives for the company. Recognizing the disparity between Endeavor’s public market value and the true value of its underlying assets, the entertainment company is taking a prudent approach to ensure maximum value for its shareholders.
TKO Group Holdings Exempt from Consideration
It is important to note that while exploring various options, Endeavor will not entertain the idea of selling or disposing of its interest in TKO Group Holdings. Currently, Endeavor holds a 51% stake in TKO, with the remaining 49% being owned by wrestling organization WWE. TKO was created as a result of a collaboration between WWE and Endeavor, formed by integrating WWE and UFC.
Maximizing Value for Shareholders
Endeavor’s CEO, Ariel Emanuel, believes that evaluating strategic alternatives is necessary to bridge the gap between Endeavor’s market value and the intrinsic value of its assets. By conducting a thorough review, the company aims to ensure that the interests of its shareholders are fully realized.