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Endeavor has drop-kicked a newly created sports entity that is built for the future of both television and fandom. As of Sept. 12, that new entity has started trading on the NYSE under the feisty ticker symbol TKO.

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TKO, New Parent Company of WWE and UFC, Shares Climb 2.6% in Stock Market Debut

Todd Spangler NY Digital Editor Investors cheered as TKO Group Holdings, the new parent company of UFC and WWE, clambered into the Wall Street ring. Shares of TKO, which began trading Tuesday on the New York Stock Exchange, closed up 2.6% on the day, to $103.22 per share after opening at $102. TKO Group has a market capitalization of $8.57 billion, per data from CNBC.

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WWE, UFC Merger Is Official: New TKO Group Unveils Growth Strategy, Board, As Stock Set To Hit NYSE

UFC, the mixed martial arts powerhouse, has officially tied the knot with Vince McMahon’s professional wresting juggernaut WWE, creating a new company called TKO Group that starts trading on the New York Stock Exchange today.

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Ari Emanuel Compares CAA To Walmart, Talks LIV Golf, Saudi Arabia & Endeavor Succession Plans In ‘Freakonomics’ Interview

Endeavor CEO Ari Emanuel went to town on CAA, said his company almost invested $1 billion in the new LIV Golf tour, and projected that COO Mark Shapiro will take over the company whenever Emanuel calls it quits.

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Endeavor CEO Ari Emanuel’s Pay Drops To $19.1 Million In Year Following IPO Windfall

Endeavor Group Holdings CEO Ari Emanuel, whose bonus-laden $308 million pay package turned heads in 2021, made $19.1 million in 2022, according to the company’s latest proxy filing.

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Endeavor Sells IMG Academy To Division Of Private Equity Firm EQT In All-Cash Deal Valued At $1.25 Billion

Endeavor Group Holdings has sold sports educational institution IMG Academy to a division of private equity firm EQT.

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Endeavor: WWE-UFC Merger ‘Crystalizes’ Value of Entertainment Franchises, Combo to Yield up to $100 Million Cost Savings

Todd Spangler NY Digital Editor Endeavor is bringing together two of the world’s biggest combat-sports franchises — UFC and WWE — in a blockbuster merger announced Monday. It’s a deal in which “one plus one equals three,” said Endeavor president and COO Mark Shapiro, who will serve in the same role for the merged UFC-WWE. The pact, valuing the combined company at roughly $21.4 billion, is anticipated to close in the second half of 2023. The deal will result in an estimated $50 million to $100 million in annualized run-rate cost synergies, according to Endeavor, including by moving WWE to Endeavor’s back-office infrastructure. Shapiro said Endeavor, when it acquired UFC, realized $70 million in cost savings.

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Endeavor Confirms WWE-UFC Deal to Create a $21 Billion Sports Entertainment Company

Patrick Frater Asia Bureau Chief Endeavor Group Holdings and World Wrestling Entertainment said Monday that they had signed a definitive agreement to form a new, publicly listed company consisting of two complementary, global sports and entertainment brands: UFC and WWE. The deal was reported to be close over the weekend by financial media CNBC and Bloomberg. Upon closing, Endeavor will hold a 51% controlling interest in the new company and existing WWE shareholders will hold a 49% interest. “Together, UFC and WWE will have global reach, impressive scale and omnichannel distribution,” Endeavor said in a statement.

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Endeavor Invests in Unscripted TV Producer Asylum Entertainment Group

William Earl Endeavor has made an investment in Asylum Entertainment Group, which is home to a number of production banners focused on unscripted TV series. Asylum’s collection of companies includes the Content Group, Texas Crew Productions, Big City TV, Breaklight Pictures, and Audity. Those banners will become part of Endeavor’s nonscripted content division, led by Rebecca Sanhueza, executive VP of content strategy and development and head of nonscripted content at Endeavor. Asylum CEO Steve Michaels and Jodi Flynn, president of Asylum, will report to Sanhueza. Mark Shapiro, president of Endeavor, called the deal complimentary to its existing assets. Endeavor will provide Asylum with financing and other resources to grow, particularly with international acquisitions.

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Endeavor Ups Maura McGreevy To Chief Communications Officer

Maura McGreevy, who has served as head of communications for Endeavor subsidiaries IMG and 160/90 since 2014, has been promoted to Chief Communications Officer for the global sports and entertainment company.

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UFC-Disney Rights: Endeavor President Mark Shapiro Says Renewal Talks Could Start Soon; Amazon And Apple In The Mix, But Company Doesn’t Plan To Be Netflix’s Sports “Guinea Pig”

The extensive ties between UFC parent Endeavor Group Holdings and Disney mean the media company is likely to be “open to a renewal conversation sooner rather than later,” in the assessment of Endeavor president Mark Shapiro.

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Endeavor Sells Miss Universe Pageant To Thailand’s JKN Global Media

Endeavor’s IMG global events group has sold The Miss Universe Organization to Thailand-based JKN Global Media.

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WME Promotes Christian Muirhead and Richard Weitz to Co-Chairmen

William Earl WME veterans Christian Muirhead and Richard Weitz have been promoted to co-chairmen of the powerful talent agency that is a cornerstone of Endeavor. The pair will succeed Lloyd Braun, who will step down from the WME chairman role at year’s end. “The appointment of Richard and Christian marks a truly transformative day for WME, which continues to be the inspirational core of Endeavor,” said Endeavor president Mark Shapiro. “I’ve seen first-hand their innate ability to lead, to build meaningful relationships, and to leverage the broader Endeavor network in service to our clients’ aspirations. Coupled with their deep understanding of the entertainment landscape, I can say with certainty that there are no better or more complementary individuals to now lead the agency.”

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Richard Weitz & Christian Muirhead Named WME Co-Chairmen As Lloyd Braun Is Stepping Down

Richard Weitz and Christian Muirhead have been upped to co-chairmen of Endeavor’s WME talent agency, succeeding Lloyd Braun who will step down as chairman at the end of 2022 when his contract is up. Both are agency veterans, having come from the two companies that formed WME, Endeavor (Weitz) and WMA (Muirhead), and also come from different backgrounds, agenting and corporate communications, respectively. Ari Greenburg remains WME president and will now report to Weitz an Muirhead.

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Endeavor to Sell Diamond Baseball Holdings to Silver Lake

Michaela Zee editorEndeavor has set a deal to sell its Diamond Baseball Holdings company to private equity firm Silver Lake, which is the majority owner of Endeavor.Under Endeavor, DBH owned and operated select local Minor League Clubs associated with Major League Baseball. DBH has acquired 10 clubs to date, including Iowa Cubs (Triple-A affiliate of the Chicago Cubs); Memphis Redbirds (Triple-A affiliate of the St.

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Endeavor Selling Diamond Baseball Holdings To Silver Lake

Endeavor has struck a deal to sell its professional development league business, Diamond Baseball Holdings, to investment firm Silver Lake, Endeavor’s major investor.

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Endeavor Combines On Location and IMG Events, Sets Paul Caine as President

William Earl Endeavor has combined the management of its On Location and IMG Events businesses into a single unit led by the On Location management team of president and Jon Lavallee as chief financial officer.Endeavor positioned the consolidation as a natural move given that the two units are involved in very similar operations. On Location provides luxury hospitality experiences around major sports events including the Super Bowl.

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Toronto Blue Jays Announcer Buck Martinez To Begin Cancer Treatment, Pausing Duties

Sunday might be the last time Toronto Blue Jays fans hear the voice of play-by-play announcer Buck Martinez for some time as the baseball legend steps back to begin treatment for cancer.

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Endeavor Names Romola Ratnam as Head of Impact and Inclusion (EXCLUSIVE)

Matt Donnelly Senior Film WriterEndeavor has appointed Romola Ratnam as senior vice president and head of impact and inclusion, Variety has learned exclusively.Ratnam will oversee corporate social responsibility efforts, including DEI, at the global operation that owns talent agency WME. News of her hire comes on the heels of Alicin Reidy Williamson’s exit for a top post at Yahoo.

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WME Says It’s In “Substantive Discussions” To End Standoff With WGA

WME says it’s in “substantive discussions” with the WGA to end their 21-month battle over packaging fees and the agency’s affiliation with a related production entity, Endeavor Content.

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