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On April 7, McMahon entered into a stock sale agreement with TKO, which will purchase 1.85 million of his shares in TKO at a per-share price of $89.01 for an aggregate amount of $165 million, per ...
TKO Group Holdings, Inc. (TKO) is an American media conglomerate created by Endeavor as part of a merger between World Wrestling Entertainment, Inc. (WWE) and Zuffa, LLC, the parent company of the Ultimate Fighting Championship (UFC). [9]
WWE founder has sold off some $1.5 billion worth of stock in TKO since November, signaling an unwinding of his association with the company that he merged with UFC last year.
Meanwhile, Endeavor’s stock rose 1.1%, to $22.16/share, as … Investors cheered as TKO Group Holdings, the new parent company of UFC and WWE, clambered into the Wall Street ring. Shares of TKO ...
The company's latest quarter was mixed, but investors liked the raised full-year guidance.
TKO Operating Company, LLC, doing business as Zuffa (/ ˈ z uː f ə /), is an American sports promotion company specializing in mixed martial arts. It was founded in January 2001 in Las Vegas , Nevada , by Station Casinos executives Frank Fertitta III and Lorenzo Fertitta to be the parent entity of the Ultimate Fighting Championship (UFC ...
On October 23, 2024, TKO Group Holdings acquired the event planning and hospitality service On Location as well as IMG (a sports and media agency, producer and distributor previously housed at Endeavor) from Endeavor in $3.25 billion deal Under the terms of the deal, Endeavor "will receive approximately 26.14 million common" shares of TKO stock ...
As of the end of 2023, McMahon had owned 20.35 million shares of TKO Group’s Class A shares, meaning he still owns about 15 million shares (which are currently worth more than $1.2 billion).