Endeavor’s got a hefty debt load but some Wall Street analysts have speculated on ways a deal could be done, merging the two rivals. The potential of a transaction hanging out there may be weighing on Endeavor’s stock.
Revenue was hair lower than Wall Street forecasts as delivery of some non-scripted content was pushed from Dec. to Jan.Net losses widened sharply to $226 million from $16.7 million largely on a hefty one-time tax hit.