CNBC first reported that the upcoming coming that will combine WWE and UFC will be called TKO Group Holdings (TKO). The new sports entertainment company, with its stock ticker TKO, will be publicly traded on the New York Stock Exchange. According to the report Endeavor and WWE hope to create a sports entertainment giant valued […]
Endeavor
The Legal Submission 55
WWE-UFC combine for NewCo
A night after the WWE’s biggest event, the company announced that it would be acquired by the UFC’s parent company Endeavor. The WWE and UFC will merge into a publicly traded company with the moniker TKO. The acquisition is an all-stock transaction that list the enterprise value of WWE at $9.3 billion. In comparison, the […]
Endeavor announces Q4 earnings, UFC doing well
UFC parent company announced its earnings for the fourth quarter of 2022 and the promotion once again proved that the acquisition was worth it. Overall, in 2022, Endeavor saw revenue of $5.268 billion. However, sales dipped 16% to $1.26 billion in the fourth quarter of 2022. Also, of note, it did not appear that Dana […]
Endeavor says its willing to open up renewal talks sooner than later
Speaking at an investor’s conference earlier this week Endeavor president Mark Shapiro indicated that it may open the conversation of renewal with Disney sooner than later. This would pave the way for the UFC to continue on ESPN and its digital platform. Deadline first reported the possibility as well as Sportico. Shapiro spoke at a […]