Endeavor Group Holdings Inc. (EDR) shares plummeted 12.49% in the pre-market session on Monday, following the announcement that Silver Lake will be closing a transaction to acquire a stake in the company at $27.50 per share on March 24th.

The news of the Silver Lake deal, which values Endeavor at a lower price point compared to its recent trading levels, appears to have sparked concerns among investors about potential dilution and valuation impact. As a result, Endeavor's stock price tumbled, with traders likely pricing in the possibility of the stock converging towards the $27.50 level once the transaction closes later this month.

The entertainment and media company's shares were trading at around $31.50 in the pre-market session, down significantly from Friday's close, as investors reacted to the implications of the Silver Lake transaction on Endeavor's valuation and future prospects.