TKO Group Holdings posted better-than-anticipated revenue but saw a March antitrust settlement with UFC fighters squeeze its bottom line. The company, formed through the merger of WWE and UFC last September, is run by Endeavor Group Holdings. Endeavor recently unveiled a plan to go private, which will make TKO the only public window onto the … Read more
Silver Lake’s plan to take Endeavor private includes an investment of $250 million of seed equity “into a new business to be founded, managed and controlled” by executive chairman Patrick Whitesell. The business will include “investing in and providing services to companies in the entertainment, media and sports industries; developing, producing, financing and exploiting film, … Read more
Endeavor grew revenue 25% last quarter to $1.58 billion, beating forecasts, and shrunk losses to $29 million from $226 million as CEO Ari Emanuel reminded Wall Street that it’s still looking at strategic options – four months after the company said it was evaluating its businesses, and its largest shareholder Silver Lake floated the idea … Read more
Endeavor-controlled ring sports giant TKO Group Holdings reported $614 million in total revenue in the fourth quarter, along with a slight dip in UFC profits. It was the first batch of full quarterly operating results for the WWE and UFC parent company and followed a burst of news in January. Within the same week, TKO … Read more
Federal authorities are in contact with women regarding recent sexual assault and sex trafficking allegations against Vince McMahon. This latest news, first reported by the WSJ today, comes after a shocking lawsuit by a former employee last week saw the longtime impresario resign as executive chairman of WWE parent TKO Group and step down from … Read more
WWE is continuing to deal with fallout from sexual abuse allegations facing its former longtime chief Vince McMahon, with shares in parent TKO Group Holdings slipping as investors weigh the potential downside. Shares in TKO fell 4.4% Monday on nearly twice their normal trading volume, closing at $82.73. The stock is well below the level … Read more
Longtime WWE sponsor Slim Jim is pausing its promotional activities with the wrestling outfit in light of what it called “disturbing allegations” against its longtime leader, Vince McMahon. Shortly after the sponsorship news was emerging late in the day Friday, McMahon resigned as executive chairman of Endeavor-run TKO Group Holdings. TKO was formed when WWE … Read more
EXCLUSIVE: Slammed by allegations of rape, defecation, sex trafficking and more, Vince McMahon is out at WWE and UFC parent company TKO Group Holdings. “I stand by my prior statement that Ms. Grant’s lawsuit is replete with lies, obscene made-up instances that never occurred, and is a vindictive distortion of the truth,” McMahon said this … Read more
Editor’s note: This post contain extremely sexually explicit details from the lawsuit against WWE founder Vince McMahon. UPDATED, 1:51 PM: Following a harrowing sexual assault and sex-trafficking lawsuit filed Thursday against Vince McMahon and World Wrestling Entertainment by a former WWE staff member, the wrestling mogul and current WWE owners TKO Group Holdings have broken … Read more
UPDATE, 5:43 PM: Ari Emanuel has received an early Christmas present courtesy of a LA Superior Court judge. Peeved at Wall Street, the Endeavor CEO may be evaluating “strategic alternatives” for the currently publicly traded entity but at least he won’t have to go to mattresses over “theft of …intellectual property” allegations out of the … Read more
