Endeavor Group Holdings, Inc.: M&A transaction — Endeavor closes sale of PBR, On Location, IMG to TKO for $3.25B in equity

Endeavor Group Holdings, Inc.

Closed Feb 28, 2025: transferred PBR, On Location, IMG to TKO for ~26.1M TKO units valued at $3.25B.
Endeavor now owns ~61% of TKO's voting interests post-closing.
Consideration subject to purchase price adjustment of ~$50M in additional TKO units.
Press release issued jointly with TKO announcing close (Exhibit 99.1).
IMG acquisition excludes licensing, models, tennis/golf representation, and full events portfolio.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Endeavor Group Holdings, Inc. completed a disposition involving TKO Operating Company, LLC and TKO Group Holdings, Inc. for approximately 26.1 million TKO Common Units, having an aggregate value of $3.25 billion (closed 2025-02-28).

Action: disposition
Counterparty: TKO Operating Company, LLC and TKO Group Holdings, Inc.
Consideration: approximately 26.1 million TKO Common Units, having an aggregate value of $3.25 billion
Closing: 2025-02-28

Exact text from the filing

Transactions (the “ Effective Time ”), the EDR Parties contributed, assigned, conveyed, delivered and transferred to TKO the Transferred Businesses, in exchange for approximately 26.1 million TKO Common Units, having an aggregate value of $3.25 billion (based on the volume-weighted average sales price of TKO PubCo Class A Common Stock for the twenty five trading days

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Source: SEC EDGAR

accession 0001193125-25-040892

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