UFC owner Endeavor announces review of strategic options (updated)

Endeavor group

25/10/2023 21:23

(Adds details and background   - Advisory)
       Oct 25 (Reuters) - Sports behemoth Endeavor Group
Holdings  EDR.N  said on Wednesday it has begun a formal review
to evaluate strategic alternatives for the company, but would
not consider the sale or disposition of its interest in TKO
Group Holdings  TKO.N .
    Shares of Endeavor were up 9% in extended trading.
    The company has not set a deadline for the completion of the
review process, it added.
    Endeavor Group and Boston Red Sox owner Fenway Sports Group
had expressed interest in investing in the PGA Tour, according
to a source familiar with the negotiations, Reuters reported in
late September.  

 (Reporting by Jaspreet Singh in Bengaluru; Editing by Devika
Syamnath and Shailesh Kuber)
 ((Jaspreet.Singh@thomsonreuters.com; https://twitter.com/i_jass;))