How Ari Emanuel and Endeavor Met the One Deal They Couldn’t Close

An IPO fail: crushing debt, a Hollywood labor dispute, investor confusion over Endeavor’s business model and anxiety over IPOs in general proved overwhelming

Endeavor, which postponed its public offering indefinitely on Thursday, was always going to have a hard time selling itself to Wall Street, insiders said.

The company that super-agents Ari Emanuel and Patrick Whitesell built had positioned itself as one of the most powerful talent agent and entertainment companies in Hollywood. It scooped up glitzy assets as it diversified away from simply being a talent agency and overtook longtime rival CAA in size and scope.

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Trey Williams

Trey Williams

Film Reporter covering the biz • trey.williams@thewrap.com • Twitter: @trey3williams