Investment banking firm Jefferies initiated coverage of TKO with a ‘buy’ rating and a $120 price target. Shares jumped on Monday morning with the news of the coverage. The news offsets a previous “market outperform” rating by TD Cowen last month with concerns about Zuffa’s exposure with the UFC Antitrust Lawsuit heading to trial in […]
TKO
Dwayne Johnson joins the Board of Directors of TKO Group Holdings, gets ownership of The Rock TM
Dwayne Johnson has joined the board of directors of TKO Group Holdings, Inc. the company announced on Tuesday. Johnson also gained ownership of the trademarked name “The Rock” as part of an intellectual assignment agreement. Per the SEC 8-K Filing, Johnson will receive over $30 million in TKO stock. He will also receive $491,000 in […]
Concerned over antitrust lawsuits, TKO Group stock gets ‘market perform’ rating
Since opening on Wall Street TKO Group Holdings, Inc. has been ascending based on the profits of the UFC and WWE. However, an investment bank, TD Cowen, has given the stock a “market perform” recommendation. Market perform is a neutral assessment that does not imply a strong recommendation to buy or sell. This is in […]
Top 10 MMA Business Stories of 2023: No. 4 Wondertwin Powers Activate UFC + WWE = TKO
The day after Wrestlemania, Endeavor acquired WWE making it the second biggest purchase this year. The plan was to have WWE and UFC combine to make one new company, TKO Holdings. The deal gave WWE an enterprise value of $9.3 billion. Endeavor would own 51% and WWE owned the remaining 49%. From our writeup in […]
Vince McMahon is getting money
With the official merger between the UFC and WWE complete to form TKO, the details in the Securities and Exchange Commission filings are coming out. One of the most eye-popping is that former WWE owner Vince McMahon will receive a windfall in dividend payments, but is using it as collateral for a loan of money […]