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TKO Group Secures $1 Billion in Accelerated Share Buyback Deal

By Kendrick Davis

TKO Group’s $1 billion accelerated share buyback signals strong confidence in its market position and commitment to returning value to shareholders. This strategic move not only enhances shareholder equity but also reinforces TKO’s financial stability amid a competitive landscape.

NEW YORK–(BUSINESS WIRE)–TKO Group Holdings, Inc. (NYSE: TKO) (“TKO” or the “Company”), a premium sports and entertainment company, today announced that it has entered into an accelerated share repurchase agreement (the “ASR Agreement”) to repurchase $800 million of its outstanding Class A common stock. The Company also announced that it has entered into a 10b5-1 trading plan for the repurchase of up to $174 million of its outstanding Class A common stock (the “10b5-1 Plan”). In addition, on

Source: Original Press Release

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