The latest update is out from TKO Group Holdings ( (TKO) ).
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TKO Group Holdings has announced a significant strategic acquisition of sports assets from Endeavor Group Holdings, valued at $3.25 billion, including Professional Bull Riders, On Location, and IMG. This move aims to expand TKO’s presence in the premium sports market, complementing its existing UFC and WWE businesses. Alongside, TKO’s board authorized a $2 billion share repurchase program and initiated a quarterly cash dividend program with $75 million in distributions, reflecting a strong commitment to shareholder value. The transaction is anticipated to close in the first half of 2025, pending regulatory approvals.
For a thorough assessment of TKO stock, go to TipRanks’ Stock Analysis page.