Endeavor dragged Elon Musk, investing nearly 2 billion USD continued to acquire UFC

Endeavor dragged Elon Musk, investing nearly 2 billion USD continues to acquire UFC - Photo 1
Endeavor will invest nearly 2 billion USD to continue acquiring UFC

Part of the recent financial notice of Endeavor Group (Endeavor Group Holdings), the company owns 50.1% of UFC's shares, said the Boss SpaceX – Tesla Elon Musk will join Endeavor as one of the 11 investment directors of Endeavor.

At the same time, Endeavor is preparing to raise capital to continue the next large investments. Endeavor Group Holdings will organize the issuance of the public debut in 2021.

One of the largest investments listed will continue to acquire more shares of the world's largest MMA tournament. Many sources said Endeavor Group is ready to invest about US $ 1.75 billion to buy 49.9% of the remaining UFC shares from other owners.

This acquisition is expected to last quite a long time. Silver Lake Partners, Kohlberg Kravis Roberts and MSD Capital, headed by WME IMG, are the main owners of UFC.

Endeavor dragged Elon Musk, investing nearly 2 billion USD continues to acquire UFC - Photo 2
The tycoon SpaceX – Tesla Elon Musk will join Endeavor

It is estimated to have an annual revenue of more than 3 billion USD, UFC's parent company, Endeavor Group Holdings, is a global entertainment group. In addition to UFC, the income of Endeavor Group comes from artist management companies like IMG WME, and they also produce films and events such as Miss Universe.

Endeavor Group Holdings first sought to issue public shares in the public in 2019, but due to the unstable market, they postpone the plan to 2021. More than 25% of the value of Endeavor came from UFC ownership.

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