Following their acquisition of TKO parent company Endeavor, Silver Lake announced that the company will be taken private.
In a statement from the company, Silver Lake stated they will acquire 100 percent of outstanding shares it does not already own, other than rolled interests.
The partnership between both companies goes as far back as 2012, a partnership that has been beneficial to Endeavor and Silver Lake alike.
The statement makes note of TKO’s status following the announcement:
TKO is not party to this transaction and will remain a publicly traded company that will continue to benefit from its connectivity to Endeavor’s expertise, relationships, and significant capabilities.
TKO Group Holdings is the resulting company of last year’s merger between WWE and UFC.
Source: Fightful