WWE and the TKO Takeover That Gets Pro Wrestling Taken Seriously (ep.796)

TKO Group Holdings, Inc. (TKO) is a sports and entertainment company that was formed by the merger of World Wrestling Entertainment (WWE) and Zuffa, the parent company of the Ultimate Fighting Championship (UFC). The merger was completed by Endeavor Group Holdings and cost $21 billion.
TKO Group Holdings is a publicly traded company on the New York Stock Exchange (NYSE) under the symbol "TKO". On September 12, 2023, shares of TKO Group opened at $102 per share.
TKO Group Holdings includes:
UFC, the world's leading mixed martial arts organization
WWE, a global leader in sports entertainment
Endeavor expects the TKO deal to yield $50 million to $100 million in annualized run-rate cost synergies. They also expect potential revenue growth through: Domestic and international media rights, Ticket sales, Event operations, Global partnerships, Licensing.
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