Parent of WWE and UFC is buying Professional Bull Riders, On Location and IMG for $3.25 billion [Financial Post (Toronto, Ontario, Canada)]
Endeavor Group Holdings, Inc. Class A (EDR)
Last endeavor group holdings, inc. class a earnings: 4/30 06:00 am
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Source: Financial Post
The parent company of WWE and UFC is buying Professional Bull Riders, On Location, and IMG in a deal valued at $3.25 billion. Professional Bull Riders is a bull riding league that has more than 200 annual live events, approximately 1.25 million fans, and reaches more than 285 million households in more than 65 territories. On Location provides premium experiences for fans attending more than 1,200 sporting events, such as the Super Bowl, Ryder Cup and NCAA Final Four. IMG is a distributor and producer of sports content, packages and sells media rights and brand partnerships, and provides consulting, digital services and event management to clients such as the National Football League and National Hockey League. Parent company TKO said Thursday that the acquisition from Endeavor Group will complement its existing businesses as well as broaden its reach in the premium sports market. As part of the deal, Endeavor will receive about 26.14 million common units of TKO Operating Co.
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