M&A
confidence high
sentiment neutral
materiality 0.70
TKO files info statement with pro forma for $3.25B acquisition of PBR, On Location, IMG
TKO Group Holdings, Inc.
- Total consideration $3.25B based on 25-day VWAP; Endeavor to receive ~26.14M common units and Class B shares.
- Pro forma combined revenue $3.96B for 9M2024; net loss attributable to TKO of $75.5M.
- Endeavor expected to own 59.7% of combined company; TKO public holders 40.3%.
- Acquisition includes PBR, On Location, and IMG Media businesses; historical Olympus revenue $1.57B in 2023.