Amid a novel coronavirus pandemic, Endeavor Group Holdings — the parent company of talent agency WME, modeling firm IMG and Professional Bull Riders — is facing a storm that's impacting its sprawling live events and representation divisions.
But the Beverly Hills-based conglomerate is not publicly considering selling off non-core businesses at this time. "We are not shopping any assetswhatsoever and never were because we don't need to," Endeavor president Mark Shapiro told The Hollywood Reporter, later adding of the sports and entertainment firm's portfolio, "by the way, we're not done collecting." On May 11, Endeavor lined up a $260 million term loan to boost its financial flexibility amid the ongoing pandemic.