TKO Group Holdings announced it has entered into an accelerated share repurchase (ASR) agreement to repurchase $800 million of its outstanding Class A common stock. This ASR is part of the previously authorized $2 billion share repurchase program.
In addition to the ASR, the company stated its intention to repurchase an additional $200 million of Class A common stock. These repurchases will be conducted through open market purchases or privately negotiated transactions.
This $1 billion share repurchase initiative demonstrates TKO's commitment to returning capital to shareholders and reflects management's confidence in the company's intrinsic value. The program is expected to enhance shareholder value by reducing the number of outstanding shares.
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