Endeavor Delays IPO Until Fall As On Location Acquisition Nears

Endeavor is delaying its IPO "until September" as it "works to finalize" its $700M acquisition of On Location Experiences, according to sources. If completed, the deal for On Location "would aid the company's push to diversify its revenue base." Also behind the delay is that Endeavor "wants to be able to tout its second-quarter results and renegotiated contracts for soccer events, which it hopes will help achieve a higher public valuation," according to sources. Endeavor is "likely to seek a valuation" between $7-8B (WALL STREET JOURNAL, 8/2).