The UFC’s relationship with the Walt Disney Company-owned ESPN has been fruitful for both entities. According to Disney’s Fiscal First Quarter 2020 Financial Results, it was revealed that the return of Conor McGregor brought in “about a million pay-per-view purchases and a half a million new subscribers” per CEO Robert Iger. The PPV benchmark would […]
financial
Endeavor calls a halt to IPO
Endeavor has shuttered its IPO which was set for Friday amid concerns of weak stock market demand. Earlier in the day, the company had lowered expectations of its share price prior to making the announcement that it would delay the IPO. The company anticipated raising $600 million with the IPO. But investors seemed unimpressed with […]
Endeavor’s IPO faces weak opening according to report
The New York Post reports that Endeavor’s IPO is facing a weak opening. The company goes public on Friday. Earlier this week, the company anticipate to price the IPO at $30-$32 per share as it will open on the New York Stock Exchange under the EDR ticker symbol. However, the New York Post reports that […]
Endeavor to launch IPO this Friday
Endeavor Group Holdings intends to launch its IPO this Friday, September 27th. The company plans to price the IPO at $30-$32 per share trading on the New York Stock Exchange under the EDR ticker symbol. The company is backed by Silver Lake among other underwriters and is targeting an $8 billion valuation per The Financial […]
Report: Zuffa obtains new loan, 2nd Quarter earnings over $700M
Reuters reports that Zuffa will be adding a $465M loan to its existing $1.875 billion loan as the company has benefited from its media rights deal with ESPN. Per Moody’s, revenues as of the second quarter of 2019 have the company clearing over $700 million. The boon for the UFC comes from its expanded media […]