13 September 2023
Endeavor Group Holdings, Inc. (NYSE: EDR) and World Wrestling Entertainment, Inc. (previously NYSE: WWE) today announced the close of their previously announced agreement and the launch of TKO Group Holdings, Inc. (NYSE: TKO).
TKO brings together UFC, the world’s premier mixed martial arts organization, and WWE, an integrated media organization and the recognized global leader in sports entertainment, to create a new premium sports and entertainment company serving more than one billion young and diverse fans, reaching viewers in 180 countries, and producing more than 350 annual live events.
TKO will begin trading on the New York Stock Exchange under the ticker symbol “TKO,” with Endeavor holding a 51% controlling interest in the new company and existing WWE shareholders holding a 49% interest in the new company, on a fully diluted basis.
More, Source: Company’s Press Release