Silver Lake to Invest $250M in New Media Venture Led by Patrick Whitesell

The investment is a key part of Silver Lake's strategy to take Endeavor private, valuing the company at $13 billion.

Silver Lake will invest $250 million in a new media company founded and managed by Patrick Whitesell, executive chairman of WME parent Endeavor.
The investment is part of Silver Lake's deal to take Endeavor private, which values the company at $13 billion.
Whitesell's new venture will focus on investing in and providing services to the entertainment, media, and sports industries, as well as developing and producing content.
Ari Emanuel will be appointed CEO of the newly private Endeavor, and Whitesell is expected to remain with WME while also running the new company.
Whitesell and Emanuel will receive significant financial benefits, including the possibility of equity interest repurchases and royalty payments from WME.