Ari Emanuel converted a portion of his ownership interest in Endeavor into a cash payment of $173.8 million with Silver Lake’s deal to take the company private, according to a regulatory filing. Patrick Whitesell,

Ari Emanuel, the new executive chairman of WME Group, is taking out $175.8 million in cash as Endeavor is acquired by Silver Lake Partners. The transaction announced this morning creates a private company its new owner valued at $25 billion Endeavor stakeholders are rolling chunks of their current ownership into the new private entity,

Beverly Hills entertainment company Endeavor became a privately owned company Monday, with Ari Emanuel, previously the CEO, becoming executive chairman of WME Group — which runs businesses such as the WME talent agency and IMG Licensing.