Endeavor, the expertise company and stay events company led by Ari Emanuel, has agreed to win 100% of Final Combating Championship, fixed with recordsdata contained in a Wednesday afternoon IPO filing.
Background: Endeavor at demonstrate has a 50.1% stake in UFC, fixed with a 2016 deal done alongside internal most equity companies Silver Lake and KKR.
Endeavor did now not list how great it plans to raise in the IPO, beyond a $100 million placeholder figure, but proceeds are expected to assist finance the UFC interact.
- Endeavor beforehand deliberate to transfer public in 2019, but pulled the belief on the closing minute attributable to weak investor question.
- Along with to UFC and the WME and IMG expertise companies, Endeavor owns the Loyal Bull Riders and a streaming unit whose prospects encompass the WWE.
- The organization experiences a $625 million obtain loss on $3.5 billion in revenue for 2020, when entertainment was hampered by the pandemic. It also misplaced money in 2019 on better revenue, but it absolutely was winning in 2018.
Of cowl: Endeavor also disclosed in its IPO filing the company plans so as to add Elon Musk to its board of administrators.