Episode 148: Endeavor and Silver Lake Sue Carl Icahn
On September 21, Endeavor and Silver Lake filed suit in Delaware's Court of Chancery against Carl Icahn and dozens of his affiliated investment funds, seeking a ruling that would bar post-announcement shareholders from pursuing appraisal claims against the Endeavor take-private deal. The ask is audacious — and if it succeeds, it could fundamentally constrain appraisal arbitrage as a litigation strategy across all future take-private transactions, with direct consequences for M&A in entertainment and media. Key Takeaways: Endeavor and Silver Lake's Egon Durban filed suit on September 21 in the…
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