TKO to acquire IMG, Professional Bull Riders and On Location

Endeavor is transferring several sports assets -- including PBR and IMG -- to TKO Group, the holding company of WWE and UFC.
Benchmark downgraded TKO Group (TKO) to Hold from Buy and removed the firm’s price target on the shares after TKO announced the approval ...
Parent company of WWE and UFC is buying Professional Bull Riders, On Location, and IMG in a $3.25 billion deal ...