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Matt Provino sent the following...David Faber on CNBC's Sqauwk on the Street just did a Faber Report on Endeavor possibly already selling TKO to its largest shareholder Silver Lake. He stock is YTD -6% and since the IPO is -16.75%.
Endeavor head Ari Emanuel sent an email to TKO (WWE and UFC) employees yesterday afternoon about Endeavor exploring "strategic alternatives", specifically informing them that TKO Group Holdings would not be involved or see any changes when Endeavor formulates their plan.
In the wake of the announcement, massive Endeavor investor Silver Lake stated their intention to potentially take the company private and that they were not interested in selling.
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