- World Wrestling Entertainment Inc. has closed its transaction with UFC to form TKO Group Holdings Inc.
- TKO began trading on the New York Stock Exchange on Tuesday morning under the ticker symbol TKO. Its stock was up 1.8 per cent, trading at US$102.55 per share
- The two agreed to form a new publicly traded company that will be controlled by Endeavor Group Holdings Inc. (NYSE:EDR), which owns UFC
- Endeavor Group Holdings opened trading at US$22.20 per share
World Wrestling Entertainment Inc. has closed its transaction with UFC to form TKO Group Holdings Inc.
TKO began trading on the New York Stock Exchange Tuesday morning under the ticker symbol TKO. Its stock was up 1.8 per cent, trading at US$102.55 per share.
The two agreed to form a new publicly traded company that will be controlled by Endeavor Group Holdings Inc. (NYSE:EDR), which owns UFC, back in April 2023.
WWE is an integrated media organization television programming, premium live events, digital media, and publishing platforms. Its main focus is on professional wrestling and it broadcasts to more than 1 billion homes worldwide in 25 languages through distribution partners including NBCUniversal, Fox Sports, BT Sport, Sony India, and Rogers. WWE was a publicly traded company on the NYSE since October 1999.
UFC is the world’s premier mixed martial arts organization (MMA) produces more than 40 live events annually in some of the most prestigious arenas around the world, while broadcasting to more than 900 million TV households across more than 170 countries.
WWE’s run as a family business ends with this merger. McMahon’s father, Vince Sr. founded the company in 1953. McMahon stepped down last year after a hush-money scandal involving former employees. Upon his return earlier this year, he had been reportedly shopping around for buyers of WWE. This past Monday night’s episode of “Monday Night Raw” represented the final time in 70 years that McMahon held majority control of this wrestling program.
Endeavor Group Holdings Inc. is a global sports and entertainment company. It owns and operates sports properties.
Endeavor Group Holdings opened trading at US$22.20 per share and was moving more than 2 per cent higher by mid morning.
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