TKO Group Holdings announced the successful close of its acquisition of IMG, On Location, and Professional Bull Riders (PBR) from Endeavor Group Holdings, Inc. These businesses are now fully integrated into TKO's portfolio.
The acquisition, valued at $3.25 billion in an all-equity transaction, is expected to strengthen TKO's world-class intellectual property and capabilities. It enhances the company's expertise in sports rights, production, and premium events and experiences.
Mark Shapiro, President and COO of TKO, stated that these industry-leading businesses will help power the growth of UFC, WWE, and TKO's roster of partners. The transaction included $50 million of additional consideration settled in equity, with Endeavor receiving approximately 26.54 million common units of TKO OpCo and subscribing for an equal number of shares of TKO Class B common stock.
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