On Location reposted this
Today, TKO announced the signing of an agreement to acquire Professional Bull Riders, LLC, On Location, and certain businesses within IMG from Endeavor. Welcoming these industry-leading organizations into TKO will help power the growth of our revenue streams and position us to capture even more upside from some of the most attractive parts of our sports ecosystem: media rights, live events, ticket sales, premium experiences, brand partnerships, and site fees. Also today, TKO’s Board of Directors separately approved a robust capital return program, including the authorization of $2 billion share repurchase program and quarterly cash dividend program of $75 million – underscoring the confidence we have in the strength of our underlying business. Read more here: https://lnkd.in/gJWsbqE8