Oct. 1 at 6:38 PM
$IEP
Billionaire activist investor Carl Icahn won a central role Monday in litigation challenging Silver Lake's
$13 billion acquisition of Endeavor Group Holdings Inc., the conglomerate that owns the WWE and UFC.
The lawsuit alleges breaches of fiduciary duty by Endeavor executives and Silver Lake, claiming the
$27.50/share buyout price undervalued the company (especially given the post-deal value surge in its TKO subsidiary, which owns WWE and UFC). Icahn's
$757 million stake made his firm the top contender over smaller investors.
Bottom Line: The litigation offers
$IEP a shot at significant financial upside and strategic validation, outweighing risks if Icahn’s track record holds. Expect volatility but a potential 5-10% unit price lift on positive developments. Monitor court updates.
