Canada Pension Plan sells $578 million in Endeavor Group stock

In a notable transaction, the Canada Pension Plan Investment Board (CPPIB) has sold its entire stake in Endeavor Group Holdings, Inc. (NYSE:EDR), amounting to 21,038,712 shares. The sale, valued at approximately $578.6 million, was executed at a price of $27.50 per share. According to InvestingPro data, Endeavor’s market capitalization currently stands at $1.16 billion, with the stock showing strong momentum, up 23.5% year-to-date.

This move marks CPPIB’s complete divestiture from Endeavor, with the shares previously held through its wholly-owned subsidiary, CPP Investment Board (USRE III) Inc. The sale aligns with the termination of a Stockholders Agreement following a merger involving Wildcat Pubco Merger Sub, Inc. and Endeavor on March 24, 2025. The company operates with moderate debt levels and maintains a healthy current ratio of 2.0, though InvestingPro analysis indicates it’s trading at a relatively high EBITDA multiple of 30.5x.

The transaction leaves CPPIB with no remaining shares in the entertainment and sports company, which is known for its diverse portfolio of properties, including talent representation and sports operations. While currently unprofitable, analysts tracked by InvestingPro expect Endeavor to return to profitability this year, with several additional insights available in the comprehensive Pro Research Report.

In other recent news, Endeavor Group Holdings, Inc. has been acquired by Silver Lake in a significant transaction valued at $25 billion. This acquisition, which involved the buyout of all outstanding shares not already owned by Silver Lake, was completed at $27.50 per share. As a result, Endeavor’s Class A common stock will no longer be listed on the New York Stock Exchange. Additionally, Endeavor has expanded its credit facility to $3 billion, as disclosed in a recent SEC filing. This financial maneuver is part of the company’s strategic financial planning to manage its capital structure and liquidity.

In related developments, Endeavor has completed the sale of OpenBet to OB Global Holdings LLC in a management buyout. This transaction is backed by Ariel Emanuel and involves OpenBet’s executives, with Jordan Levin continuing as CEO. Furthermore, Sportradar Group AG has announced a definitive agreement to acquire IMG ARENA from Endeavor, with the deal expected to close in the fourth quarter of 2025. The acquisition aims to enhance Sportradar’s product offering and global sports coverage. These recent developments highlight the ongoing strategic shifts within Endeavor Group Holdings and its affiliates.

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