March 29, 2019 / 5:00 PM / 8 months ago

Hollywood talent agency parent Endeavor plans late-2019 IPO: WSJ

(Reuters) - Endeavor LLC, the international entertainment and marketing colossus that owns Hollywood’s biggest talent agency, is planning an initial public offering, the Wall Street Journal reported on Friday, citing people familiar with the matter.

The company has or is about to file confidential paperwork for an IPO with the Securities and Exchange Commission for the second half of the year, the Journal reported.

Endeavor, which was valued at around $4 billion in March 2018, could exceed that in the listing, the people told WSJ.

The agency, which also owns Ultimate Fighting Championship league, had sought $400 million in funding from Saudi Arabia’s public investment fund but turned it down after the murder of Saudi journalist Jamal Khashoggi.

The company has annual revenues of $330.8 million, according to information website Owler.

Endeavor did not immediately respond to Reuters request for comment.(The story refiles to add dropped word ‘parent’ in the headline)

Reporting by Diptendu Lahiri in Bengaluru; Editing by Shailesh Kuber

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