Posted 4/3/2024, 2:18:00 PM
Whitesell Launches $250M Media Venture with Silver Lake Backing as Part of Endeavor Deal
- Patrick Whitesell launching new media company with $250M investment from Silver Lake as part of Endeavor deal
- Company will invest in entertainment, media, sports; develop content; talent management; consulting
- Whitesell expected to remain with WME while running new company
- Ari Emanuel to be Endeavor CEO, WME Chairman; both get equity awards and royalties
- Mark Shapiro gets salary bump, bonus guarantees, equity award up to $100M; breakup fees if deal falls through
