Endeavor Group Holdings execs confirmed that talks are under way for the sale of a majority stake in production outfit Endeavor Content.“Although we’re in the early stages, we’ve already received a lot of incoming interest,” CFO Jason Lublin said during the company’s second-quarter earnings call with Wall Street analysts. “When we have more to share, we’ll let you know.”Endeavor President Mark Shapiro added that the process formally began last week, and he admitted that execs “don’t want to see it go” given the momentum in the division.
That said, a surging deal market could result in a hefty acquisition price, he maintained.Deadline reported in June the plans of the parent company to shop most of Endeavor Content.
Read more on deadline.com
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