Silver Lake Deal Challengers Say Endeavor Is Stonewalling

Silver Lake LLC and Endeavor Group Holdings Inc. affiliates are making a court challenge to their $25 billion merger “nearly impossible” by staging knockdown, drag-out fights over routine administrative matters, a group of shareholders said.

Billionaire activist investor Carl Icahn, Sweden’s Handelsbanken Fonder AB, and a coalition of hedge funds asked a Delaware Chancery Court judge Wednesday for a mediator to break through the impasse. Stonewalling by the investment giant, the entertainment conglomerate it took private, and executives including Hollywood mogul Ari Emanuel is eating up time needed to resolve far more contentious issues that inevitably lie ahead, according ...