Endeavor Group Holdings, led by CEO Ariel Emanuel, is considering selling some of its assets, including its well-known talent agency, WME. The company announced that it will undergo a formal review to evaluate strategic alternatives. The stock of the sports and entertainment company has fallen over 30% in the past six months, but it saw a significant increase in after-hours trading following the announcement. Endeavor owns several entities, including global sports talent agency IMG, art media company Frieze, and WME. The sale or disposition of its stake in TKO Group Holdings, which merged with World Wrestling Entertainment earlier this year, is not part of the review. TKO Holdings, a separate publicly traded company, saw a 2% increase in after-hours trading. This strategic review comes shortly after French billionaire Francois-Henri Pinault purchased a majority stake in WME's talent agency rival, CAA.
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