Endeavor Considers Going Private Again As Entertainment Giant Struggles To Impress Investors After IPO
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Endeavor, the entertainment firm led by Ari Emanuel, went public in 2021 but has struggled with a low stock price despite revenue and profit gains.
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Endeavor announced it is reviewing strategic options, signaling it may go private again with backing from its largest investor Silver Lake.
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Going public was meant to show the value in combining talent agency WME, events like UFC, and other assets but investors doubted the strategy.
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Emanuel has expressed frustration with the stock performance and taken combative stances against rivals like CAA.
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Broader industry issues like the writers' and actors' strikes continue to hurt Endeavor's business and stock price.