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Mark Shapiro, President and COO of TKO Group Holdings, will participate in the UBS Global Media & Communications Conference on December 9, 2024, at 11:15 a.m. ET in New York. The session will be accessible via a live link and available for replay for 30 days on the company's investor relations website. TKO, which includes UFC and WWE, reaches over 1 billion households globally and organizes more than 300 live events annually.
TKO Group Holdings will participate in the UBS Global Media & Communications Conference on December 9, 2024, at 11:15 a.m. ET in New York. Mark Shapiro, President and COO, will represent the company, and the presentation will be accessible live and via a 30-day replay on TKO's investor relations website.
Ari Emanuel, CEO of Endeavor Group Holdings Inc., is in the process of raising funds to acquire live-entertainment businesses, potentially including parts of his own company. He has already secured over $100 million from investors like Apollo Global Management and aims to raise significantly more. Emanuel has not provided further comments on the matter.
TKO Group, which owns WWE and UFC, is acquiring three sports-related businesses from Endeavor Group for $3.25 billion, increasing Endeavor's stake in TKO to 59%. The deal includes Professional Bull Riders, On Location, and IMG, enhancing TKO's sports ecosystem.In an exclusive interview, NBA Commissioner Adam Silver expressed frustration over failing to reach a deal with Warner Bros. Discovery during negotiations, leading to a new media rights agreement with Disney, NBCUniversal, and Amazon. The ongoing legal dispute centers on Warner Bros. Discovery's claim to matching rights for NBA games.
TKO Group is acquiring IMG, Professional Bull Riders (PBR), and On Location from Endeavor for $3.25 billion, expanding its sports portfolio. The all-stock deal will increase Endeavor's ownership in TKO from 53% to 59% and enhances TKO's focus on league ownership and related businesses. TKO also announced a $300 million annual dividend and a $2 billion share buyback program.

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