Silver Lake has announced the closure of its acquisition of Endeavor Group Holdings, Inc. (NYSE: EDR) set for March 24, 2025, at a price of $27.50 per share. This price, established through a binding merger agreement nearly a year ago, reflects a 57% premium over Endeavor's stock price prior to Silver Lake's acquisition announcement. The firm is confident that all closing conditions will be met before the transaction date.

Reports indicate that some shareholders have engaged in arbitrage, seeking appraisal rights due to the deal. Silver Lake contends that this trading activity has artificially inflated Endeavor's stock price. The firm emphasizes that appraisal rights are meant to reflect the fair value of shares, not inflated prices resulting from hedge fund activities.

Silver Lake has informed dissenting shareholders that it will not pay any merger consideration at closing or until appraisal claims are resolved, in accordance with Delaware law. Shareholders who submitted valid appraisal demands by February 4, 2025, can pursue their rights after the closing, but those who buy shares after this deadline will not have appraisal rights for those shares. Detailed information on appraisal rights is available in Endeavor’s Information Statement filed on January 15, 2025.

Looking ahead, Silver Lake plans to focus on Endeavor's business operations alongside its management team and other investors. The firm is prepared to defend against any litigation related to the acquisition and is optimistic about finalizing the transaction.

Silver Lake is a prominent global technology investment firm, managing approximately $102 billion in assets and committed capital. Its portfolio companies generate nearly $258 billion in annual revenue and employ around 517,000 people worldwide.