Endeavor Group Holdings (NYSE:EDR), a titan in the global sports and entertainment industry, today made a groundbreaking announcement regarding its future.

The company revealed it has signed a definitive agreement for acquisition by Silver Lake, a leading force in technology investment.

Under the terms of the agreement, Silver Lake will acquire all outstanding shares of Endeavor it doesn't already own, aside from those interests that are to be rolled over. 

Endeavor stockholders are also set to receive $27.50 per share in cash, a transaction that values Endeavor at an equity value of $13 billion and a total enterprise value of $25 billion.

This premium represents a 55% increase over the unaffected share price, making it the largest private equity-sponsored public-to-private deal in the media and entertainment sector to date.

The transaction is expected to close by the end of the first quarter of 2025.