Endeavor, three years after the sports, entertainment and talent management company went public, announced that it has entered into an agreement to be acquired by private-equity firm Silver Lake.

The deal gives Endeavor an equity value of $13 billion, the companies said. According to the parties, the premium to be paid by Silver Lake — which already owns 71% of the voting shares in Endeavor — represents $4.6 billion more equity value to all Endeavor stockholders. The acquisition is expected to close in the first quarter of 2025.

Tko Group Holdings — formed last year by the merger of WWE and Endeavor-owned UFC — is not part of...