Ari Emanuel
Ari Emanuel

Brunswick Group handles Endeavor, which has launched a review of strategic alternatives at the sports and entertainment combine.

CEO Ari Emanuel believes Wall Street is underestimating the worth of his company. “Given the continued dislocation between Endeavor’s public market value and the intrinsic value of Endeavor’s underlying assets, we believe an evaluation of strategic alternatives is a prudent approach to ensure we are maximizing value for our shareholders,” he said.

Endeavor recorded an 8.8 percent rise in Q2 revenues to $3B and a 26.5 percent surge in net income to $703M.

Its stock trades at $22.89. 52-week range is $26.26, $17.65.

Silver Lake private equity firm owns a 71 percent stake in Endeavor and plans to propose a plan to take it private. Endeavor went public in April 2021.

Emanuel completed Endeavor’s merger with World Wresting Entertainment in September and announced the formation of TKO Group Holding.

TKO joins WWE with UFC, mixed martial arts, to create a media platform that targets more than 1B young and diverse fans via 350 annual events, and viewers in 180 countries.

Endeavor shareholders own a 51 percent stake in TKO while WWE investors hold a 49 percent stake.