Endeavor has entered into an agreement to obtain 100 percent controlling interest over the UFC.
The deal was revealed as part of a 300-page prospectus filed with the Securities and Exchange Commission (SEC) on Wednesday as Endeavor Group Holdings officially moves towards taking the company public.
Here’s the disclosure as part of Endeavor’s massive prospectus ahead of a planned initial public offering (IPO) that will likely take place later this year.
“On February 16, 2021, Endeavor Operating Company entered into a Transaction Agreement with the Other UFC Holders and certain of their affiliates pursuant to which Endeavor Operating Company will directly or indirectly acquire equity interests in UFC Parent (including warrants of UFC Parent or common equity received by warrant holders from the exercise of warrants of UFC Parent) from the Other UFC Holders (or their affiliates) resulting in Endeavor Operating Company directly or indirectly owning 100% of the equity interests of UFC Parent (the “UFC Buyout”).