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TKO Group president emphasizes need for super access to engage fans
TKO Group, which owns UFC and WWE, is focused on integrating recent acquisitions and enhancing fan experiences, emphasizing the need for "super access" to athletes. Despite initial market skepticism over its $3.25bn acquisition of IMG and other assets, TKO aims to leverage these for growth, with expectations of generating $2.57bn to $2.65bn in revenue this year. As UFC prepares for crucial media rights negotiations, the company sees a long-term future with ESPN and Disney while acknowledging interest from rival broadcasters.
Mark Shapiro to Speak at UBS Global Media Conference in December
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 acquires sports businesses as NBA media rights deal unfolds
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 acquires IMG Professional Bull Riders and On Location for 3.25 billion
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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