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TKO Executes $1 Billion Share Repurchase to Boost Shareholder Value

By Kendrick Davis

TKO Group Holdings is making a significant move to enhance shareholder value by executing a $1 billion share repurchase program. This strategic decision underscores the company’s confidence in its long-term growth and commitment to returning capital to investors.

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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