Endeavor Group Holdings 주식 (NYSE: EDR)

에 대한 최신 뉴스 Endeavor Group Holdings (NYSE:EDR) 주식

Endeavor Gr Hldgs

Endeavor Group Holdings Inc is an entertainment and sports company. The company owns and operates sports and entertainment properties, including UFC and WWE through its majority ownership of TKO, produces and distributes sports and entertainment content, owns and manages exclusive live events and experiences, and represents top sports, entertainment, and fashion talent, as well as blue chip corporate clients. Its reportable segments are Owned Sports Properties, Events, Experiences & Rights, and Representation. Maximum revenue is generated from its Owned Sports Properties segment, which is comprised of a portfolio of sports and entertainment properties, including UFC, WWE, PBR, and Euroleague. Geographically, it derives key revenue from the United States.

Endeavor Group Holdings

Asset Sales

BLCO

FYBR

PRPH

WOLF

뉴 온 더 블록 아리 엠마누엘(Ari Emanuel)의 스포츠 및 엔터테인먼트 대기업인 엔데버 그룹 홀딩스(NYSE:EDR)는 마이애미 오픈 및 마드리드 오픈 테니스 토너먼트를 포함한 IMG 테니스 자산 매각 가능성을 검토하고 있다. IMG의 다른 자산 대부분은 UFC(얼티밋 파이팅 챔피언십) 및 WWE(월드 레슬링 엔터테인먼트)의 모회사인 TKO 그룹 홀딩스(NYSE:TKO)와의 목요일에 발표된 거래에 포함되었다.

딜 디스패치: UFC, WWE 모회사 TKO가 불 라이딩 인수; 엔데버가 테니스 자산 매각 검토 등

Endeavor Group Holdings, Inc. Class A Common Stock

Endeavor Group Holdings Inc

Elders Ltd

EDP Renovaveis SA

EDP RENOVAVEIS UNSP/ADR by EDP Renovaveis SA

ELECTRIC PWR DEV CO ADR by Electric Power Development Co., Ltd.

Electric Power Development Co Ltd

EuroDry Ltd

WIIM

Endeavour Group shares are trading lower. Silver Lake announced it will acquire the company for $27.50 per share.

Silver Lake hereby announces that it will close its acquisition of Endeavor Group Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDR#NYSE">EDR</a>) on March 24, 2025 at $27.50 per share, subject only to closing conditions that Silver Lake is confident will be satisfied prior to such time. Almost one year ago, Silver Lake entered into a binding merger agreement at this price following extensive negotiations with a special committee of independent directors of the company and is confident that $27.50 was and is appropriate and fair consideration to all Endeavor shareholders. The $27.50 price represents a 57% premium over Endeavor's unaffected closing stock price on October 24, 2023, the last full trading day prior to Silver Lake's announcement of its intention to make a proposal to take the company private.

News

Silver Lake Announces $27.50 Per Share Acquisition Of Endeavor, To Close March 24, 2025

<h2 class="wp-block-heading">New On The Block</h2>
Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) is seeking to sell Insitu, a maker of small, long-range military drones, per <a href="https://www.bloomberg.com/news/articles/2025-02-24/boeing-seeks-buyers-for-insitu-drone-unit-in-push-to-shed-assets">Bloomberg</a>.
The Arlington County, Virginia-based aerospace company acquired Insitu in 2008. Since then, the business has gone on to make drones for various military, including Ukraine&#8217;s. The price tag? $500 million, analysts say.
Meanwhile, BP (LSE: BP) will seek to sell its Castrol lubricants business, noted <a href="https://www.bloomberg.com/news/articles/2025-02-25/bp-said-to-prepare-lubricants-sale-ditch-plan-to-cut-oil-output-in-review?srnd=phx-deals">Bloomberg</a>. It could be worth about $10 billion &#8211; a that sum that could help strengthen the company's balance sheet, which is <a href="https://www.bloomberg.com/news/articles/2025-02-18/bp-is-said-to-weigh-sale-of-lubricants-unit-with-elliott-pushing" target="_blank" rel="noreferrer noopener">reportedly</a> weaker than its peers.
Cantaloupe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTLP#NASDAQ">CTLP</a>), a Malvern, Pennsylvania-based payments processor is exploring a sale or go-private transaction, Reuters reported. Its market cap is currently $713-million.
<h2 class="wp-block-heading">Private Equity</h2>
Sycamore Partners is planning a buyout of Walgreens (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>). If it succeeds, the firm will prepare a three-part breakup, according to the <a href="https://www.ft.com/content/9087ffb1-24d5-4adc-8a57-ef123d4c4c63">Financial Times</a>. 
The private equity firm envisions three separate businesses with distinct capital structures: the U.S. retail pharmacy, Boots UK and U.S. healthcare. Each division will operate independently.
<h2 class="wp-block-heading">Updates From The Block</h2>
Seven &amp; i (TYO:<a class="ticker" href="https://www.benzinga.com/stock/TYO:3382#TYO">3382</a>), the owner of 7-Eleven, is under pressure from Artisan Partners to consider a competitive bidding process. The retailer's response to Alimentation Couche-Tard's offer is seen as a test case for Japan's evolving M&amp;A landscape.
Seven &amp; i&#8217;s founders, the Ito family, had explored a management buyout that would have been the largest in history but ultimately failed to secure financing. Meanwhile, Couche-Tard remains committed to buying Seven &amp; i&#8217;s North American stores. But Japanese franchisees are likely to resist foreign ownership. 
Despite being deemed &#8220;core&#8221; to Japan's national security, the government has stated it would not obstruct a buyout. Separately, Seven &amp; i is close to selling non-core assets to Bain Capital, according to Reuters.
<h2 class="wp-block-heading">Off The Block</h2>
TKO Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TKO#NYSE">TKO</a>), created a year ago from the <a href="https://www.benzinga.com/general/entertainment/23/09/34455843/wwe-and-ufc-merge-on-tuesday-heres-what-you-need-to-know" target="_blank" rel="noreferrer noopener">merger of the WWE and UFC</a>, completed its purchase of IMG, On Location and Professional Bull Riders from Endeavor Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDR#NYSE">EDR</a>). The acquisition <a href="https://www.benzinga.com/m-a/24/10/41561859/deal-dispatch-ufc-wwe-parent-tko-takes-on-bull-riding-endeavor-looks-to-sell-tennis-another-car-comp">was first announced in October</a>.
<h2 class="wp-block-heading">Bankruptcy Block</h2>
Looks like even the aerospace industry isn't immune to crash landings. Dynamic Aerostructures, which makes high-tech parts for U.S. fighter jets and SpaceX rockets, <a href="https://www.benzinga.com/news/asset-sales/25/02/43994380/spacex-parts-supplier-dynamic-aerostructures-files-for-bankruptcy-bid-deadline-set">recently filed for bankruptcy</a>. The company plans to auction itself off in a court-supervised sale.
The company, backed by Endeavour Capital, blames its financial nosedive on quality-control issues, inflation-driven inventory costs and bad customer contracts. The search is on for a buyer, with an April 7 bid deadline set for potential suitors.
With $55 million in debt, FMI Aerostructures has been a key supplier for Boeing, Lockheed Martin and Northrop Grumman, including making parts for the stealthy B-2 Spirit bomber.
Fast fashion retailer Forever 21 is coming to a screeching halt. The company is expected to shutter all of its stores and liquidate its assets, Debtwire reports. A bankruptcy filing is not yet official. In the event that it is, expect the company&#8217;s workforce in shopping malls nationwide to feel the effects. Bloomberg projects that at least 200 locations are preparing to close.
<h2 class="wp-block-heading">Notes From The Block</h2>
M&amp;A activity is rising in digital health, biotech and provider groups as companies seek scale, data integration and new care models, according to consulting firm LBMC. Private equity-backed consolidations in healthcare services remain under scrutiny, while regulatory shifts and a new administration could reshape hospital and tech acquisitions.
Lisa Nix, LBMC shareholder, <a href="https://www.globenewswire.com/news-release/2025/02/26/3033266/0/en/LBMC-Unveils-Key-Healthcare-Trends-for-2025-AI-M-A-Cybersecurity-and-Policy-Shifts-Poised-to-Reshape-the-Industry.html">expects</a> a resurgence in healthcare M&amp;A in 2025, driven by declining interest rates, PE dry powder and a more lenient regulatory environment, setting the stage for transformative deals that could redefine patient care.
Now Read:
<ul>
<li><a href="https://www.benzinga.com/real-estate/25/02/44004188/ellen-degeneres-and-portia-de-rossis-quest-for-a-uk-home-continues-after-their-18-million-farmhouse-purchase-runs-into-problems">Ellen DeGeneres and Portia de Rossi&#8217;s Quest For A UK Home Continues After Their $18 Million Farmhouse Purchase Runs into Problems</a></li>
</ul>

CTLP

TYO:3382

Deal Dispatch: Boeing Done With Drones? Plus BP To Sell Lubricants, 7-Eleven Parent Nixes $58 Billion Bid

Endeavor Gr Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDR#NYSE">EDR</a>) reported quarterly losses of $(0.64) per share which missed the analyst consensus estimate of $0.82 by 178.05 percent. This is a 2033.33 percent decrease over losses of $(0.03) per share from the same period last year. The company reported quarterly sales of $1.57 billion which missed the analyst consensus estimate of $1.87 billion by 16.15 percent. This is a 0.95 percent decrease over sales of $1.58 billion the same period last year.

Earnings

Earnings Misses

Endeavor Gr Hldgs Q4 EPS $(0.64) Misses $0.82 Estimate, Sales $1.57B Miss $1.87B Estimate

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Embraer-Empresa Brasileira De Aeronautica

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Earnings Scheduled For February 27, 2025

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>META</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$740.00</td>
<td>$25.6K</td>
<td>2.8K</td>
<td>13.6K</td>
</tr>
<tr>
<td>TTD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$80.00</td>
<td>$28.5K</td>
<td>4.1K</td>
<td>7.6K</td>
</tr>
<tr>
<td>ASTS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$30.00</td>
<td>$60.0K</td>
<td>11.4K</td>
<td>4.7K</td>
</tr>
<tr>
<td>GOOG</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/14/25</td>
<td>$185.00</td>
<td>$26.0K</td>
<td>3.1K</td>
<td>3.4K</td>
</tr>
<tr>
<td>ROKU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$95.00</td>
<td>$40.8K</td>
<td>2.3K</td>
<td>3.3K</td>
</tr>
<tr>
<td>DJT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$31.00</td>
<td>$35.4K</td>
<td>1.5K</td>
<td>446</td>
</tr>
<tr>
<td>TTWO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$210.00</td>
<td>$28.0K</td>
<td>516</td>
<td>153</td>
</tr>
<tr>
<td>EDR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$35.00</td>
<td>$33.9K</td>
<td>20.2K</td>
<td>152</td>
</tr>
<tr>
<td>SE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/28/25</td>
<td>$135.00</td>
<td>$30.9K</td>
<td>0</td>
<td>61</td>
</tr>
<tr>
<td>TMUS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$350.00</td>
<td>$79.0K</td>
<td>24</td>
<td>32</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding META (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), we observe a call option sweep with bullish sentiment. It expires in 4 day(s) on February 21, 2025. Parties traded 32 contract(s) at a $740.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $25.6K, with a price of $800.0 per contract. There were 2819 open contracts at this strike prior to today, and today 13662 contract(s) were bought and sold. 
• For TTD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>), we notice a put option trade that happens to be bearish, expiring in 4 day(s) on February 21, 2025. This event was a transfer of 184 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $28.5K, with a price of $155.0 per contract. There were 4118 open contracts at this strike prior to today, and today 7666 contract(s) were bought and sold. 
• For ASTS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>), we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on February 21, 2025. This event was a transfer of 200 contract(s) at a $30.00 strike. This particular call needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $60.0K, with a price of $300.0 per contract. There were 11463 open contracts at this strike prior to today, and today 4700 contract(s) were bought and sold. 
• Regarding GOOG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), we observe a call option trade with neutral sentiment. It expires in 3 day(s) on February 14, 2025. Parties traded 130 contract(s) at a $185.00 strike. The total cost received by the writing party (or parties) was $26.0K, with a price of $200.0 per contract. There were 3145 open contracts at this strike prior to today, and today 3405 contract(s) were bought and sold. 
• For ROKU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on February 21, 2025. This event was a transfer of 80 contract(s) at a $95.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $40.8K, with a price of $510.0 per contract. There were 2332 open contracts at this strike prior to today, and today 3381 contract(s) were bought and sold. 
• Regarding DJT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>), we observe a put option trade with bearish sentiment. It expires in 4 day(s) on February 21, 2025. Parties traded 300 contract(s) at a $31.00 strike. The total cost received by the writing party (or parties) was $35.4K, with a price of $118.0 per contract. There were 1521 open contracts at this strike prior to today, and today 446 contract(s) were bought and sold. 
• For TTWO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>), we notice a put option trade that happens to be bearish, expiring in 4 day(s) on February 21, 2025. This event was a transfer of 100 contract(s) at a $210.00 strike. The total cost received by the writing party (or parties) was $28.0K, with a price of $280.0 per contract. There were 516 open contracts at this strike prior to today, and today 153 contract(s) were bought and sold. 
• For EDR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDR#NYSE">EDR</a>), we notice a put option sweep that happens to be bullish, expiring in 88 day(s) on May 16, 2025. This event was a transfer of 50 contract(s) at a $35.00 strike. This particular put needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $33.9K, with a price of $680.0 per contract. There were 20220 open contracts at this strike prior to today, and today 152 contract(s) were bought and sold. 
• For SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SE#NYSE">SE</a>), we notice a call option sweep that happens to be bullish, expiring in 39 day(s) on March 28, 2025. This event was a transfer of 30 contract(s) at a $135.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $30.9K, with a price of $1030.0 per contract. There were 0 open contracts at this strike prior to today, and today 61 contract(s) were bought and sold. 
• For TMUS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>), we notice a put option trade that happens to be bullish, expiring in 88 day(s) on May 16, 2025. This event was a transfer of 10 contract(s) at a $350.00 strike. The total cost received by the writing party (or parties) was $79.0K, with a price of $7904.0 per contract. There were 24 open contracts at this strike prior to today, and today 32 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

ASTS

GOOG

ROKU

TMUS

TTWO

10 Communication Services Stocks Whale Activity In Today's Session

Seaport Global analyst David Joyce downgrades Endeavor Gr Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDR#NYSE">EDR</a>) from Neutral to Sell and maintains the price target from $27.5 to $27.5.

Downgrades

Price Target

Analyst Ratings

Seaport Global Downgrades Endeavor Gr Hldgs to Sell, Maintains Price Target to $27.5

<a href="https://www.barrons.com/articles/endeavor-tko-group-silver-lake-takeover-40767787">https://www.barrons.com/articles/endeavor-tko-group-silver-lake-takeover-40767787</a>
&nbsp;
A group of big investors may ask the courts to grant it more than the current takeover price for <a href="https://www.barrons.com/market-data/stocks/edr?mod=article_chiclet">Endeavor Group</a> Holdings, given a sharp rally in its most valuable asset, a majority stake in the company that owns Ultimate Fight Championship and World Wrestling Entertainment.
It is also possible that Silver Lake, the tech investment firm that reached <a href="https://investor.endeavorco.com/news/news-details/2024/Silver-Lake-to-Take-Endeavor-Private/default.aspx">a deal to take Endeavor private</a> in April, could boost its offer for Endeavor, which is led by CEO and Hollywood agent Ari Emanuel. The deal is expected to close in the current quarter.
In a statement to Barron's, however, Silver Lake said: "We believe the transaction price is fair and will not increase it."
Silver Lake, which holds a controlling stake in Endeavor, agreed to buy the company for $27.50 a share, or $13 billion, in a deal in which Emanuel and other members of Endeavor management would retain stakes in the company. Public investors would be cashed out at $27.50 a share.

Legal

Management

'Endeavor Group Investors May Turn To Courts If Takeover Price Isn't Boosted' - Barron's

Under the terms of the transaction, OB Global Holdings will acquire the businesses for approximately $450 million, subject to certain adjustments, financed through a mix of cash and debt.
During the sign-to-close period and after closing, Endeavor will continue to market IMG ARENA for sale to a third-party purchaser.
 &nbsp;

Endeavor Group Agrees To Sell OpenBet And IMG ARENA To OB Global Holdings LLC In Management Buyout Backed By Ariel Emanuel For Approximately $450M

Endeavor Gr Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDR#NYSE">EDR</a>) reported quarterly sales of $2.03 billion which beat the analyst consensus estimate of $1.56 billion by 30.29 percent. This is a 51.12 percent increase over sales of $1.34 billion the same period last year.

Earnings Beats

Endeavor Q3 EPS From Cont. Ops $(0.44), Down From $(0.24) Last Year, Sales $2.03B, Up From $1.22B Prior Year

<h2 class="wp-block-heading">New On The Block</h2>
Ari Emanuel&#8216;s sports and entertainment conglomerate, Endeavor Group Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDR#NYSE">EDR</a>), is reviewing a potential sale of IMG tennis assets — including the Miami Open and Madrid Open tennis tournaments. Most of IMG&#8217;s other assets were included in a transaction announced on Thursday with TKO Group Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TKO#NYSE">TKO</a>), the parent company of Ultimate Fighting Championship (UFC) and <a href="https://www.benzinga.com/topic/wwe">World Wrestling Entertainment (WWE)</a>. 
The Frieze Art Fair, a curated event featuring modern and contemporary works, is also for sale. Endeavor acquired a majority stake in April 2016. The Raine Group is advising Endeavor.
See Also: <a href="https://www.benzinga.com/government/24/10/41549838/uk-launches-antitrust-review-of-synopsys-34-billion-ansys-deal-over-growing-concerns">UK Launches Antitrust Review Of Synopsys&#8217; $34 Billion Ansys Deal Over Growing Concerns</a>
<h2 class="wp-block-heading">Off The Block</h2>
TKO, created a year ago from the <a href="https://www.benzinga.com/general/entertainment/23/09/34455843/wwe-and-ufc-merge-on-tuesday-heres-what-you-need-to-know">merger of the WWE and UFC</a>, acquired sports marketing agency IMG from Endeavor in a $3.25 billion all-equity deal that included Fort Worth, Texas-based Professional Bull Riders and live events business On Location. The sale is expected to close in the first half of 2025. Endeavor will end up owning approximately 59% of TKO. Separately, TKO's board has authorized a share-repurchase program of up to $2 billion of Class A common stock.
PPG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>) agreed to sell its architectural coatings business in the U.S. and Canada for $550 million to private equity firm American Industrial Partners. This ends a sale process first announced in February. The transaction is expected to close in late 2024 or early 2025. Goldman Sachs &amp; Co. LLC advised PPG on the sale while law firm Hogan Lovells U.S. handled legal matters.
Jif peanut butter maker J.M. Smucker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>) jettisoned its cookie brand, Voortman, to snacks company Second Name Brands for $305 million. Reuters first reported about the auction in July. J.M. Smucker also owns Folgers coffee, Hostess baked snacks, and a variety of pet foods, such as Meow Mix and Kibbles &#8216;n Bits.
<h2 class="wp-block-heading">Updates From The Block</h2>
Biotech firm ProPhase Labs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRPH#NASDAQ">PRPH</a>) <a href="https://www.nasdaq.com/press-release/prophase-labs-announces-positive-updates-strategic-initiatives-company-anticipates">engaged</a> ThinkEquity to advise the sale of PMI. So far, more than 70 potential acquirers are in consideration. The deal is expected to close in 2025.
Durham, North Carolina-based Wolfspeed Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) <a href="https://www.ft.com/content/b31d96e7-9c1c-44d9-b358-ebe8ce7842c1">put</a> plans for a German semiconductor plant on hold. The development comes about two months after activist investment firm, Jana Partners, started urging the Wolfspeed board to explore a sale of the entire company.
Verizon Communications Inc. ((NYSE, NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NASDAQ">VZ</a>) offered to buy Frontier Communications (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FYBR#NASDAQ">FYBR</a>) for $38.50 per share. The Frontier board had been considering a sale; it recommended stockholders vote "for" the transaction.
<h2 class="wp-block-heading">Bankruptcy Block</h2>
Radford Motors, a luxury car manufacturer owned by British TV personality Ant Anstead, <a href="https://people.com/ant-anstead-supercar-company-radford-motors-files-for-bankruptcy-8733015">filed</a> Chapter 11. People Magazine broke the story. This year, Hiphi, a Chinese EV startup, backed by Human Horizons, filed for bankruptcy in August. E.Go, a German electric car maker, filed for insolvency for the second time in March and entered liquidation in May.
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Deal Dispatch: UFC, WWE Parent TKO Takes On Bull Riding; Endeavor Looks To Sell Tennis; Another Car Company Goes Bankrupt

Endeavor Initiates Review For Potential Sale Of Event Assets Including Miami Open, Madrid Open, And Frieze Amid Plans To Go Private With Silver Lake; Retains The Raine Group For Exploratory Process

<ul>
<li>In addition to complementing TKO's existing core UFC and WWE businesses, the strategic acquisition of these sports and hospitality assets from Endeavor expands TKO's operational footprint in the fast-growing premium sports market and enables direct participation in the upside from partner leagues and events.</li>
<li>Endeavor will receive approximately 26.14 million common units of TKO Operating Company, LLC and will subscribe for an equal number of shares of TKO's Class B common stock, with Endeavor expected to own approximately 59% of TKO alongside the other existing TKO shareholders, who will own the remaining 41% upon completion of the transaction. The transaction is also subject to purchase price adjustments to be settled in cash and equity.&nbsp;</li>
</ul>

General

TKO Group Has Agreed To Acquire Professional Bull Riders, On Location, and IMG From Endeavor In An All-Equity Transaction Valued At $3.25B, The Deal Is Expected Close In 1H 2025

Trading Ideas

IBIT

NVDA

PSNY

Elliott Investment Management Q2 2024 13F Exited Positions Include 507K Constellation Brands Shares, 4.1M Endeavor Group Shares, 1.05M VNQ Calls, 3.74M Peabody Energy Shares, 296K iShares Bitcoin Trust Shares, 5K NVIDIA Shares, And 1.12M Polestar Automotive Shares

TSX:EDR

CORRECTION: Endeavour Silver NYSE Ticker Is 'EXK'

Endeavor Gr Hldgs Q2 EPS $(0.70) Misses $0.50 Estimate, Sales $1.75B Miss $1.90B Estimate

For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Endeavor Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/edr#NYSE">EDR</a>) one of those stocks right now? Let&#39;s take a closer look at the stock&#39;s year-to-date performance to find out.
Endeavor Group is a member of our Consumer Discretionary group, which includes 281 different companies and currently sits at #14 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Endeavor Group is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for EDR&#39;s full-year earnings has moved 9.8% higher. This means that analyst sentiment is stronger and the stock&#39;s earnings outlook is improving.
According to our latest data, EDR has moved about 14% on a year-to-date basis. Meanwhile, stocks in the Consumer Discretionary group have gained about 0.1% on average. This means that Endeavor Group is outperforming the sector as a whole this year.
Howden Joinery (OTC: <a class="ticker" href="https://www.benzinga.com/stock/hwdjy#OTC">HWDJY</a>) is another Consumer Discretionary stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 15%.
The consensus estimate for Howden Joinery&#39;s current year EPS has increased 0.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Endeavor Group is a member of the Media Conglomerates industry, which includes 15 individual companies and currently sits at #58 in the Zacks Industry Rank. Stocks in this group have gained about 2.5% so far this year, so EDR is performing better this group in terms of year-to-date returns.
On the other hand, Howden Joinery belongs to the Household Appliances industry. This 3-stock industry is currently ranked #33. The industry has moved -7% year to date.
Investors with an interest in Consumer Discretionary stocks should continue to track Endeavor Group and Howden Joinery. These stocks will be looking to continue their solid performance.
<a href="https://www.zacks.com/stock/news/2304358/is-endeavor-group-edr-stock-outpacing-its-consumer-discretionary-peers-this-year?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_1-2304358">To read this article on Zacks.com click here.</a>

Markets

HWDJY

Is Endeavor Group Stock Outpacing Its Consumer Discretionary Peers This Year?

Endeavor Gr Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDR#NYSE">EDR</a>) reported quarterly losses of $(0.46) per share which missed the analyst consensus estimate of $0.13 by 453.85 percent. This is a 1633.33 percent decrease over earnings of $0.03 per share from the same period last year. The company reported quarterly sales of $1.850 billion which missed the analyst consensus estimate of $1.892 billion by 2.21 percent. This is a 15.84 percent increase over sales of $1.597 billion the same period last year.

Endeavor Gr Hldgs Q1 2024 GAAP EPS $(0.46) Misses $0.13 Estimate, Sales $1.850B Miss $1.892B Estimate

Citigroup analyst Jason Bazinet downgrades Endeavor Gr Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDR#NYSE">EDR</a>) from Buy to Neutral and lowers the price target from $29 to $27.5.

Citigroup Downgrades Endeavor Gr Hldgs to Neutral, Lowers Price Target to $27.5

Sports entertainment company TKO Group Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TKO#NYSE">TKO</a>) — owner of the UFC and WWE brands — is gaining exposure due to heightened <a href="https://www.benzinga.com/news/24/01/36736994/wwe-is-coming-to-netflix-whats-going-on-with-tko-group-holdings-stock">demand for sports rights.</a>
The TKO Analyst: Goldman Sachs analyst Stephen Laszczyk has a Buy rating and price target of $102 on TKO Group Holdings.
The Analyst Takeaways: Key media rights, sponsorships and revenue from live entertainment could provide a boost to TKO Group Holdings, according to Laszczyk.
Related Link:<a href="https://www.benzinga.com/general/entertainment/24/01/36748991/dwayne-johnson-pins-down-the-rock-trademark-after-wwe-netflix-deal-my-crazy-life-is-coming-"> Dwayne Johnson Pins Down &#8216;The Rock&#8217; Trademark After WWE-Netflix Deal: &#8216;My Crazy Life Is Coming Full Circle&#8217;</a>
The analyst met with TKO management in Philadelphia ahead of the two-day WrestleMania XL event, held on April 6 and April 7.
"We came away from the weekend with takeaways that we believe support many of the key elements of our Buy thesis, initially outlined in our March 2024 initiation report," Laszczyk said.
The analyst said WWE had several high-profile events around the WrestleMania event, which included several events and fan experiences.
Laszczyk highlighted that WrestleMania featured the first ever on-the-mat advertiser for WWE with a Prime Hydration partnership. The analyst also cited how the first night reported over 72,000 attendees for night one on Saturday.
Another key item for WWE going forward could be its <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/01/36762528/6-netflix-analysts-size-up-earnings-subscribers-wwe-deal-wwe-raw-changes-the-game">partnership with streaming giant </a>Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) for its flagship show, WWE Raw.
"Having one consistent scaled distributor for RAW globally opens up opportunities to efficiently maximize fan growth &amp; engagement,&#8221; Laszczyk said.
The partnership with Netflix could be a game changer thanks to new advertising and sponsorship opportunities, he added, citing cross-selling traditional telecast and inventory with in-arena and ring advertising. 
&#8220;It will offer potential ways to collaborate to monetize the super fan through merchandising and selling premium experiences,&#8221; Laszcczyk said.
TKO's management team also sees the partnership with Netflix adding credibility to the WWE, similar to Disney helping bring credibility to the UFC through a media deal with ESPN.
The WWE is also heading into a media rights negotiation window for premium live events (i.e. WrestleMania, Royal Rumble and SummerSlam) that may also interest potential partners.
Similarly, the UFC is considered a strong contender for a global media rights deal given its global fan base.
The company was spun off from Endeavor Group Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDR#NYSE">EDR</a>) in September.
TKO Price Action: TKO Group Holdings shares are up 2% to $93.98 on Monday versus a 52-week trading range of $72.34 to $102.25.
Read Next: <a href="https://www.benzinga.com/news/24/03/37857335/conor-mcgregor-returns-to-ufc-lawsuits-settled-why-tko-stock-is-punching-higher">Conor McGregor Returns To UFC &amp; Lawsuits Settled: Why TKO Stock Is Punching Higher</a>
WWE illustration created using Shutterstock images

Analyst Color

Reiteration

Sports

NFLX

WWE Could Be A Netflix Game Changer, Capitalizing On 'Opportunities To Maximize Fan Growth And Engagement'

Press Releases

Endeavor to Announce Fourth Quarter and Full Year 2024 Results

TKO to Announce Fourth Quarter and Full Year 2024 Results

TKO Group Holdings to Participate in Morgan Stanley Technology, Media & Telecom Conference

Endeavor Announces Q1 2025 Cash Dividend

TKO Declares Inaugural Quarterly Cash Dividend

TKO Announces 'Takeover' in Kansas City as UFC, WWE, and PBR Come to T-Mobile Center in April

TKO Reports Fourth Quarter and Full Year 2024 Results

Endeavor Releases Fourth Quarter and Full Year 2024 Results

TKO Completes Acquisition of Sports Assets From Endeavor

Silver Lake To Close Endeavor Transaction On March 24th At $27.50

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