Reported about 9 hours ago
A legal battle is brewing between Silver Lake Management and various hedge funds over a bid for Endeavor Group Holdings, the parent company of WWE and UFC. Silver Lake is pursuing to buy out Endeavor's minority investors at $27.50 per share, while hedge funds believe the stock's value has increased significantly due to Endeavor's stakes in TKO Group Holdings. As some investors challenge the bid, there are discussions about 'appraisal rights' that could lead to a court-determined fair valuation of shares, potentially complicating or extending the acquisition process.
Source: YAHOO