SCHEDULE 13D/A: Ariel Emanuel's TKO Beneficial Ownership Shifts Following Silver Lake's Endeavor Acquisition
Beneficial Ownership Amendment
Ariel Emanuel's beneficial ownership of TKO Group Holdings, Inc. Class A Common Stock has decreased to 0.1% following Silver Lake's acquisition of Endeavor Group Holdings, Inc., leading to the dissolution of Endeavor's former governing body.
Summary
- This document is Amendment No. 6 to Schedule 13D filed by Ariel Emanuel concerning his beneficial ownership in TKO Group Holdings, Inc. Class A Common Stock.
- On March 24, 2025, Silver Lake and its affiliates completed the previously announced acquisition of Endeavor Group Holdings, Inc. ('Endeavor'), which is the parent company of TKO Group Holdings, Inc. (the 'Issuer').
- In connection with the Endeavor Acquisition, Endeavor's existing governing body was dissolved, and Ariel Emanuel ceased serving as a member of that body.
- As a direct result of these changes, Ariel Emanuel is no longer deemed to share beneficial ownership of the securities previously beneficially owned by Endeavor.
- Ariel Emanuel remains the record holder of 66,179 shares of TKO Group Holdings, Inc. Class A Common Stock.
- His aggregate beneficial ownership now stands at 66,179 shares, which represents 0.1% of the Class A Common Stock outstanding as of March 24, 2025.
- The beneficial ownership percentage is calculated based on 81,553,818 shares of Class A Common Stock outstanding as of January 31, 2025.
- As of March 24, 2025, Ariel Emanuel ceased to be the beneficial owner of more than five percent of the outstanding Class A Common Stock of the Issuer.
Sentiment
Score: 5
Explanation: The document is a factual, regulatory update regarding a change in beneficial ownership following a previously announced acquisition. It contains no positive or negative financial performance data or strategic announcements from TKO itself, thus maintaining a neutral sentiment.
Future Outlook
NA
Industry Context
The acquisition of Endeavor Group Holdings, Inc. by Silver Lake and its affiliates represents a significant private equity transaction within the sports and entertainment industry, impacting TKO Group Holdings, Inc. as a subsidiary. This move consolidates control under Silver Lake, potentially influencing future strategic directions for TKO within the broader industry landscape.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Member of Governing Body (Endeavor Group Holdings, Inc.) | Ariel Emanuel | NA | 2025-03-24 | Dissolution of Endeavor Group Holdings, Inc.'s existing governing body following its acquisition by Silver Lake and its affiliates. |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Governing Body Dissolution | Endeavor Group Holdings, Inc.'s existing governing body was dissolved as a result of its acquisition by Silver Lake and its affiliates. | 2025-03-24 | This change at the parent company level impacts the indirect governance structure related to TKO Group Holdings, Inc. and the beneficial ownership of key individuals like Ariel Emanuel. |
Stakeholder Impact
- Shareholders of TKO Group Holdings, Inc. may experience indirect impacts due to the change in control and governance structure of their parent company, Endeavor Group Holdings, Inc., now under Silver Lake's ownership.
- The change in Ariel Emanuel's beneficial ownership status reflects a shift in the influence structure related to TKO.
Key Dates
| Date | Description |
|---|---|
| 2023-11-24 | Original Schedule 13D filed with the SEC. |
| 2025-01-31 | Date as of which 81,553,818 shares of Class A Common Stock were outstanding, used for beneficial ownership calculation. |
| 2025-03-24 | Closing Date of Silver Lake's acquisition of Endeavor Group Holdings, Inc.; Ariel Emanuel ceased serving on Endeavor's governing body and ceased to be a beneficial owner of more than 5% of TKO's Class A Common Stock. |
| 2025-03-26 | Date Ariel Emanuel signed the Amendment No. 6 to Schedule 13D. |
Keywords
TKO Group Holdings Inc., Endeavor Group Holdings Inc., Silver Lake, Ariel Emanuel, Beneficial Ownership, Schedule 13D, Acquisition, Class A Common Stock, Corporate Governance
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