TKO Group Holdings, Inc. (TKO): M&A transaction — TKO closes $3.25B acquisition of IMG, On Location, and PBR from Endeavor

TKO Group Holdings, Inc.

TKO issued ~26.1M common units valued at $3.25B (based on VWAP through Oct 23, 2024) to Endeavor.
Endeavor now owns ~61% of TKO voting interests post-close; purchase price adjustment of ~$50M in additional units possible.
Acquired assets: IMG (200+ rightsholders), On Location (premium live events), and PBR (200+ global events annually).
Services Agreement with Endeavor terminated upon closing; Transaction Agreement Amendment accelerated inside date to Feb 28, 2025.
IMG licensing, models, tennis/golf representation, and full events portfolio remain with Endeavor.

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Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 1.0

TKO Group Holdings, Inc. completed an acquisition involving Endeavor Operating Company, LLC for approximately 61% of the voting interests of TKO PubCo (closed 2025-02-28).

Action: acquisition
Counterparty: Endeavor Operating Company, LLC
Consideration: approximately 61% of the voting interests of TKO PubCo
Closing: 2025-02-28

Exact text from the filing

of Endeavor (“ Trans World International ”) (the “ Transactions ”). As of the consummation of the Transactions, Endeavor and its subsidiaries collectively own approximately 61% of the voting interests of TKO PubCo. The Transaction Agreement and the Transactions were previously described in the Company’s Current Report on Form 8-K filed with the

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TKO Group Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-040879

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