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warren buffett changes march madness challenge to offer million dollar prize
Warren Buffett has revamped his 2025 March Madness Challenge, now offering a $1 million prize for correctly predicting 30 of the first 32 games, a shift from the previous perfect bracket requirement. With around 65,000 Berkshire Hathaway employees participating last year, the new rules may attract even more entrants. If no one wins the million, a $250,000 prize will go to the best overall bracket.
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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