Ari Emanuel Cashes Out $176 Million As Endeavor Goes Private, Patrick Whitesell $100 Million In Sale To Silver Lake
deadline.comAri Emanuel, the new executive chairman of WME Group, is taking out $175.8 million in cash as Endeavor is acquired by Silver Lake Partners.
The transaction announced this morning creates a private company its new owner valued at $25 billion Endeavor stakeholders are rolling chunks of their current ownership into the new private entity, but not all.
Emanuel, who is also CEO of TKO Group, amended his rollover commitment to extract the cash. He is rolling over significant ownership interest in the old Endeavor valued at $290.3 million, which is $26 million more than initially agreed upon last year, according to SEC filings.
Endeavor co-founder Patrick Whitesell has rolled $265.7 million into the privately held entity, which is $50 million more than was originally agreed upon.
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