Endeavor Group Holdings, Inc. has recently released its 10-K report, providing a detailed look at the company's operations and financial performance. The company operates as a global sports and entertainment business with four segments: Owned Sports Properties, Events, Experiences & Rights, Representation, and Sports Data & Technology. Endeavor's Owned Sports Properties segment includes a portfolio of sports properties such as Ultimate Fighting Championship, World Wrestling Entertainment, Inc., Professional Bull Rider, and Euroleague. The Events, Experiences & Rights segment provides services to live events, including sporting events, fashion, art fairs, music, culinary, lifestyle festivals, and major attractions. The Representation segment offers services to talent across entertainment, sports, and fashion, as well as brand strategy, marketing, advertising, public relations, analytics, digital, activation, and experiential services to corporate and other clients. The Sports Data & Technology segment delivers live streaming and data feeds for sports events to sportsbooks, rightsholders, and media partners, as well as on-demand virtual sports products and front-end solutions.
In the 10-K report, Endeavor discussed the completion of the Merger Agreement, pursuant to which affiliates of Silver Lake agreed to acquire 100% of the outstanding shares of the company's stock that it does not already own. The Merger Agreement also requires the company to declare and pay a dividend in respect of each issued and outstanding share of the company’s Class A common stock at a price equal to $0.06 per share. Additionally, the report highlighted the agreement with OB Global Holdings LLC for the acquisition of OpenBet and IMG ARENA for total consideration of approximately $450.0 million.
Furthermore, the report discussed the company's assets dispositions, including the TKO Transaction Agreement, pursuant to which TKO OpCo will acquire Professional Bull Riders, On Location, and certain of the IMG businesses for total consideration of $3.25 billion. Additionally, Endeavor commenced a review and potential sale of certain assets within its events portfolio, including the Miami Open and the Madrid Open tennis tournaments and art platform, Frieze.
The report also provided insights into the company's segments, such as the Owned Sports Properties segment, which includes properties like UFC, WWE, PBR, and Euroleague. The Events, Experiences & Rights segment owns and operates global events such as the Miami Open and Madrid Open, Frieze art fairs, The Armory Show, and Hyde Park Winter Wonderland. The Representation segment provides services to more than 7,000 talent and corporate clients, including actors, directors, writers, athletes, models, musicians, and other artists, as well as brand strategy, marketing, advertising, public relations, analytics, digital, activation, and experiential services to many of the world’s largest brands. Today the company's shares have moved -1.3% to a price of $30.4. For more information, read the company's full 10-K submission here.
