Endeavor Group Holdings, Inc. (NYSE:EDR) entered into an agreement to acquire remaining unknown stake in Endeavor China Direct, LLC from Image Flag Investment (HK) Limited and others for approximately $140 million on April 27, 2022. Pursuant to the terms, Endeavor Group will issue 5.69 million shares as consideration
Upon-completion, Endeavor China will operate as a wholly owned subsidiary of Endeavor Group. Michael Anastasio and Justin Hamill acted as a legal counsel to Endeavor Group Holdings.

Endeavor Group Holdings, Inc. (NYSE:EDR) completed the acquisition of remaining unknown stake in Endeavor China Direct, LLC from Image Flag Investment (HK) Limited and others on April 27, 2022