Endeavor Group Agrees to $13 Billion Buyout From Silver Lake (2)

Endeavor Group Holdings Inc., the talent agency and controlling investor in WWE and the Ultimate Fighting Championship, agreed to be acquired in a $13 billion buyout by the private equity group Silver Lake Management.

Silver Lake, which already owns a 71% voting stake in Endeavor, offered minority investors $27.50 a share for their holdings, according to a statement Tuesday. Endeavor, led by superagent Ari Emanuel, has a market value of about $12 billion. The offer has been approved by an independent committee of Endeavor’s board.

Silver Lake is following through on plans announced in October. Endeavor said ...