TKO, a premium sports and entertainment company, agreed to acquire Professional Bull Riders, LLC, a premier bull riding organization, On Location, a premium experiential hospitality, offering ticketing, curated guest experiences, live event production and travel management across sports, entertainment, fashion and culture and IMG, an industry-leading global sports marketing agency, from Endeavor, a media company in the fields of sports, events, media and fashion, for $3.25bn.
“Today’s announcements reflect the continued strength of our underlying business and our commitment to deploying capital through a balanced capital allocation strategy, including through our share repurchase program and quarterly cash dividend program. This underscores our continued focus on delivering sustainable long-term value for our shareholders,” Ariel Emanuel, TKO Executive Chair and CEO.
TKO Group is advised by Moelis & Company, Morgan Stanley, Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by Brandon Van Dyke and Kyle Hatton) and Brunswick Group.
Endeavor (led by Ariel Emanuel) is advised by Latham & Watkins.
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Vice President Strategic Partnerships @ PAM | Business, revenue and technology Strategy
1wStephen Lord good interview mate, lots of opportunity out there right now!