TKO Group to Acquire PBR, On Location, and IMG from Endeavor in $3.25 Billion Deal
Under an all-equity agreement valued at $3.25 billion, TKO Group ( TKO, Financials) said on Thursday that it would acquire Professional Bull Riders, On Location, and IMG from Endeavour Group ( EDR, Financials ). Under the deal, Endeavor will acquire 59% of TKO, the parent company of UFC and WWE.