Endeavor Group Holdings Considers Privatization

Private-equity firm Silver Lake, the majority voting shareholder of Endeavor Group Holdings, is contemplating the option of taking the prominent entertainment company private. This decision comes after Endeavor announced its intention to explore strategic alternatives. Silver Lake, displaying confidence in Endeavor’s business, has expressed no desire to sell any of its shares. As a result, Endeavor Group’s shares experienced a significant surge, rising by 25% to $22.09 after hours.

Mattel Beats Analyst Expectations in Q3

Mattel, the well-known toy manufacturer, reported better-than-expected adjusted profit and revenue figures for the third quarter. Despite this positive performance, the company maintains its full-year sales outlook and only raised its adjusted earnings guidance by 5 cents. Analysts interpret this conservative guidance as a potential sign of caution surrounding the holiday season in the fourth quarter. Consequently, Mattel’s shares fell by 8% to $18.50.

Sunnova Energy Boosts Liquidity Measures

Sunnova Energy announced on Wednesday that it has implemented several measures to enhance its liquidity position. This development signifies that the company now projects not needing any additional corporate capital until 2024, contrary to its previous estimation of requiring $500 million in corporate capital. Consequently, Sunnova Energy’s shares experienced a substantial rise of 11% to $8.90.

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