M&A Deal Summary

Endeavor Acquires World Wrestling Entertainment

On April 3, 2023, Endeavor acquired media company World Wrestling Entertainment for 9.3B USD

Acquisition Highlights
  • This is Endeavor’s 6th transaction in the Media sector.
  • This is Endeavor’s largest (disclosed) transaction.
  • This is Endeavor’s 11th transaction in the United States.
  • This is Endeavor’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2023-04-03
Target World Wrestling Entertainment
Sector Media
Buyer(s) Endeavor
Deal Type Merger
Deal Value 9.3B USD
Advisor(s) The Raine Group LLC
J.P. Morgan Securities (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison (Legal)

Target

World Wrestling Entertainment

Stamford, Connecticut, United States
World Wrestling Entertainment is an integrated media organization and recognized leader in global entertainment. The company consists of a portfolio of businesses that create and deliver original content 52 weeks a year to a global audience. WWE is committed to family friendly entertainment on its television programming, pay-per-view, digital media and publishing platforms. WWE programming is broadcast in more than 150 countries and 30 languages and reaches more than 650 million homes worldwide. The company is headquartered in Stamford, Conn., with offices in New York, Los Angeles, Miami, London, Mumbai, Shanghai, Singapore, Munich and Tokyo. World Wrestling Entertainment was founded in 1980 and is based in Stamford, Connecticut.

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Buyer(S) 1

Buyer

Endeavor

Beverly Hills, California, United States
Category Company
Founded 1898
Sector Media
Employees10,000
Revenue 6.0B USD (2023)
DESCRIPTION

Endeavor is a global sports and entertainment company, home to the world’s most dynamic and engaging storytellers, brands, live events, and experiences. The Endeavor network specializes in talent representation; marketing and licensing; content development, distribution, and sales; event management; and a number of direct-to-consumer offerings. Endeavor was incorporated in 1898 and is based in Beverly Hills, California.

DEAL STATS #
Overall 13 of 13
Sector (Media) 6 of 6
Type (Merger) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 11 of 11
Year (2023) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-09 DBH

Syracuse, New York, United States

DBH owns and operates select minor league baseball clubs affiliated with major league baseball. DBH seeks to support, promote and enhance its clubs through professional management, best practices, innovation and investment, with the mission to elevate fan and player experiences and enrich communities across the country. DBH was formed in 2021 and is based in Syracuse, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-25 IMG Academy

Bradenton, Florida, United States

IMG Academy supports the entire student-athlete development journey across its on-campus and online student-athlete education experiences. The Company provides a sports-focused boarding school, sports camps, online coaching, and college recruiting, and is known for its strong outcomes from the Ivy League to professional leagues. IMG Academy was formed in 1978 and is based in Bradenton, Florida.

Sell $1.3B
Mergr

Product

Company

Legal