Day: April 2, 2024
UFC Parent Endeavor Going Private in $13B Deal with Silver Lake
Endeavor Group Holdings, Inc. (NYSE: EDR) is being taken private by venture capital firm Silver Lake in a transaction valuing the target at $27.50 a share, or an equity value of $13 billion. Endeavor CEO Ari Emanuel. The company is going private in a deal with Silver Lake. (Image: Getty) Silver Lake, which owns 71%…
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Bally’s Investor Urges Against Takeover Bid, Suggests Alternatives for Chicago Casino
K&F Growth Capital, which is one of the largest Bally’s (NYSE: BALY) shareholders, sent a letter to the company’s board of directors on Tuesday urging it to reject a recently proposed takeover bid and to mull alternatives for large-scale projects, including a Chicago casino hotel. Bally’s on the Atlantic City Boardwalk. An investor is urging…
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Illinois Lawmaker Wants to Legalize Video Gaming Machines in Chicago
Legislation introduced to the Illinois House of Representatives by state Rep. Kam Buckner (D-Chicago) would allow small businesses in Chicago to seek a video gaming terminal (VGT) license regardless of whether they currently offer illegal sweepstakes machines. Video gaming terminals are seen inside an Illinois bar. A state lawmaker wants to lift Chicago’s ban on…
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