: Endeavor looking for ‘strategic alternatives’ as stock jumps more than 12%

by | Oct 25, 2023 | Stock Market

Shares of Endeavor Group Holdings Inc. surged more than 12% in the extended session Wednesday after the sports and entertainment company said it was looking for “strategic alternatives” for itself as investors are not valuing it correctly. “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,” Chief Executive Ariel Emanuel said in a statement.

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