Endeavor to Sell OpenBet, IMG Arena in $450 Million Management Buyout Backed by Ari Emanuel [Yahoo! Finance]
TKO Group Holdings, Inc. Class A (TKO)
Company Research
Source: Yahoo! Finance
The buyout, which will be financed through a mix of cash and debt, is a “necessary step” as part of the closing of majority owner Silver Lake's $13 billion deal to take Endeavor private, the company said. “This management buyout allows us to continue executing our vision for increased market expansion and product innovation,” Levin said in a statement. “Our group is extremely confident in OpenBet's future considering the premium product offering, superior talent, and solid foundation we already have in place following a strong period of business growth.” OpenBet, which was acquired by Endeavor in 2022 for $800 million after being initially valued at $1.2 billion , powers betting and gaming entertainment for more than 200 market leading operators around the globe. Following close of the transaction, Levin will continue to lead the business as CEO. Meanwhile, IMG Arena delivers live streaming and data feeds for more than 65,000 events across a wide range of sports annually, as we
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TKO
News
- TKO LEGAL NEWS: The TKO Group Holdings (TKO) Board may have Breached its Fiduciary Duties to Shareholders - Contact BFA Law if You Own Shares Accesswire
- The Schall Law Firm Encourages Shareholders To Join An Inquiry Into TKO Group Holdings, Inc. For Securities FraudAccesswire
- TKO LEGAL ALERT: TKO Group Holdings (TKO) is Being Investigated for Breaches of Fiduciary Duties - Current Shareholders are Urged to Contact BFA LawAccesswire
- TKO Group Holdings Inc Is Being Investigated For Securities Law Violations And Investors With Losses Should Contact The Schall Law FirmAccesswire
- TKO INVESTOR NEWS: Did the TKO Group Holdings Board Breach its Fiduciary Duties? Contact BFA Law about its Ongoing Investigation (NYSE:TKO)GlobeNewswire
TKO
Earnings
- 11/6/24 - Miss
TKO
Sec Filings
- 11/8/24 - Form SC
- 11/8/24 - Form SC
- 11/8/24 - Form SC
- TKO's page on the SEC website