Endeavor Group Holdings $EDR has been halted as news is pending.
For those unfamiliar with the company, Endeavor holds a 51% stake in $TKO Holdings, which fully owns UFC and WWE.
Update*
Endeavor Group Holdings announced on Tuesday that it has entered into an agreement with Silver Lake for its privatization, with Silver Lake offering $27.50 per share in cash. The deal, valued at $13 billion, marks Endeavor’s transition to a private entity under Silver Lake’s ownership.
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