TKO Group Holdings ( (TKO) ) has issued an announcement.
On February 28, 2025, TKO Group Holdings announced the completion of its acquisition of IMG, On Location, and Professional Bull Riders from Endeavor Group Holdings. This strategic move is expected to enhance TKO’s portfolio and strengthen its position in the sports and entertainment industry by expanding its expertise in sports rights, production, and premium events. The acquisition, valued at $3.25 billion, involves the transfer of businesses to TKO in exchange for TKO Common Units and shares, with a purchase price adjustment settled in equity.
More about TKO Group Holdings
TKO Group Holdings, Inc. is a premium sports and entertainment company that owns iconic properties such as UFC, WWE, and PBR. The company operates in over 210 countries and territories, organizing more than 500 live events annually. TKO also partners with major sports rights holders through IMG, a leading global sports marketing agency, and On Location, a global leader in premium experiential hospitality. TKO is majority-owned by Endeavor Group Holdings, Inc.
YTD Price Performance: 5.25%
Average Trading Volume: 1,089,291
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $25.66B
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