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%. […]
financial
Shouldering bulk of UFC antitrust settlement, TKO Group still posts increasing revenues
TKO Group Holdings, the company that houses the UFC and WWE, announced earning for Q1 which beat analyst expectations. It did post a $249 million loss due to the UFC’s settlement of the antitrust lawsuits filed by former fighters. Yet, TKO announced earnings of $629.7 million and an adjusted EBITDA of $282.2 million. The company […]
McMahon, Khan file to sell TKO stock
Wrestlenomics noted 10 days ago that Vince McMahon and Nick Khan were putting up stock for sale. On Friday, Sportico reports that McMahon was selling the last of his shares in TKO Group Holdings. Khan also filed to sell all of his holdings. This would be the last installment of sales by McMahon who resigned […]
Hong Kong company acquires Triller
The LA Times reports that Triller is being purchased by a Hong Kong financial services company. The agreement must be approved by the boards and must go through regulatory approval. Once the deal goes through Triller will be a subsidiary of AGBA Group Holding Ltd. The company’s presence in Los Angeles, which has 200 employees, […]
UFC 300 Payout Perspective
Welcome to another episode of Payout Perspective. This time we take a look at UFC 300 at the T-Mobile Arena in Las Vegas, Nevada. Pereira KOs Hill Alex Pereira cemented himself as the king of the Light Heavyweight Division. The former Middleweight champ showed that the added weight has helped with his destructive KO power. […]