TKO Group Holdings, Inc. announced that it has entered into a stock repurchase agreement for $800 million of its outstanding Class A common stock. The company will pay $800M to Morgan Stanley and expects delivery of 3.16M shares. TKO also announced under a 10b5-1 trading plan to repurchase up to $174M outstanding class A shares. […]
financial
TKO doubles dividend for investors
Sportico reports that the parent company for the UFC and WWE, TKO, will double its dividend to Class A shareholders. The increase means the next quarterly payment will be $0.76 a share. The dividend will return $150 million in capital to shareholders according to TKO. The news comes after the UFC signed a $1.1 billion […]
UFC wins Sports League of the Year
The UFC won Sports League of the Year for the second time at the Sports Business Journal annual awards. SBJ cited record-breaking revenue and sponsorships as a reason to make it Sports League of the Year. The promotion also won the award in 2022. UFC Chief Content Officer Craig Borsari accepted the award on behalf […]
WWE economic impact study touts $320M to Vegas region
In all of the information Mark Shapiro informed investors at the JP Morgan conference earlier this week, one of the notable things he brought up was a forthcoming economic impact study that stated it brought $320M to Las Vegas for this year’s Wrestlemania. The economic impact study tends to be commissioned by WWE. And while […]
TKO Group purchases PBR, On Location, and IMG
Sports Business Journal reports that the TKO Group (owners of WWE and UFC) are set to purchase Professional Bull Riders, On Location, and IMG in an “all-equity transaction valued at $3.25B” from Endeavor. The transaction is expected to close in the first half of 2025. Endeavor’s ownership in TKO will increase from 53% to 59%. […]