Endeavor Group Holdings Inc

Tiger Woods wipes his driver grip on the 18th tee box during the first round of the PGA TOUR Champions PNC Championship at The Ritz-Carlton Golf Club on December 17, 2022 in Orlando, Florida.Ben Jared | PGA Tour | Getty ImagesA coalition of U.S. sports investors led by Fenway Sports Group have entered the final round of negotiations to become co-investors in a potential deal between the PGA Tour and Saudi Arabia's Public Investment Fund, the PGA Tour announced on Sunday.The Fenway-led consortium, named Strategic Sports…

World Wrestling Entertainment Inc. Chairman Vince McMahon appears in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 in Las Vegas, Nevada.Ethan Miller | Getty ImagesVince McMahon plans to sell a substantial chunk of his stake in TKO, the parent company of WWE, the wrestling empire founded by his father, TKO said in a release ThursdayTKO's stock fell more than 6% on Friday, closing around $79.McMahon intends to sell 8.4 million of his shares, worth about $700 million. He owned…

Pavlo Gonchar | Lightrocket | Getty ImagesFanatics will launch a new live events business that will look to recreate the Comic-Con experience for sports collectibles, the company said Thursday.The new venture, called Fanatics Events, will be a partnership with events and talent management giant IMG, which is part of Endeavor. Fanatics will be the majority owner.Fanatics, which had been known primarily as an e-commerce platform, has sought to diversify its business as it moves toward an initial public offering. Last month,…

The PGA Tour has agreed to merge with Saudi-backed rival LIV Golf in a deal that would see the competitors squash pending litigation and move forward as a larger golf enterprise.The two entities signed an agreement that would combine the PGA Tour's and LIV Golf's commercial businesses and rights into a new, yet-to-be-named for-profit company. The agreement includes DP World Tour, also known as the PGA European Tour.LIV Golf is backed by the Saudi Arabia Public Investment Fund, an entity controlled by the Saudi crown…

World Wrestling Entertainment Inc. Chairman Vince McMahon appears in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 in Las Vegas, Nevada.Ethan Miller | Getty ImagesWorld Wrestling Entertainment and Endeavor's UFC announced last month they would merge later this year. Now we know the name of the combined company.The new operation will be called TKO Group Holdings, a spokesperson for Endeavor confirmed Tuesday. As previously announced, it will trade on the New York Stock…

WWE SmackDown World TourJoern Pollex | Bongarts | Getty ImagesWorld Wrestling Entertainment and Endeavor-owned UFC are set to merge this year in a deal that will create a sports entertainment behemoth valued at more than $21 billion.After the deal was announced in early April, WWE shares soared to their highest point in nearly four years. The stock is up more than 50% so far this year.For wrestling fans, though, the story's not about those numbers. Rather, the merger's success hinges on what's actually happening in the…

A general view during the second half in Game Two of the NBA Finals between the Milwaukee Bucks and the Phoenix Suns at Phoenix Suns Arena on July 08, 2021 in Phoenix, Arizona.Christian Petersen | Getty ImagesArizona's professional men's and women's basketball teams are bouncing out of the regional sports network arena.The NBA's Phoenix Suns and the WNBA's Phoenix Mercury reached a deal with broadcast station owner Gray Television to air the entirety of their regular seasons on local broadcast networks available…

Networks and streaming services need to get ready for a media rights smackdown.World Wrestling Entertainment is due to negotiate new media deals this year, a process made all the more interesting by its planned combination with UFC to form a publicly traded new company controlled by Ari Emanuel's Endeavor Group. Endeavor expects the WWE-UFC merger to be completed in the second half of this year.The merger will not only make WWE a heavyweight in these conversations. UFC should also benefit ahead of 2025, when its U.S.…

World Wrestling Entertainment Inc. Chairman Vince McMahon (L) and wrestler Triple H appear in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009Ethan Miller | Getty Images Entertainment | Getty ImagesVince McMahon's World Wrestling Entertainment as agreed to merge with UFC to form a new publicly traded company controlled by Endeavor Group, the companies announced Monday morning.Endeavor will own a 51% stake in the new combat sports and entertainment company, while WWE…

World Wrestling Entertainment Inc. Chairman Vince McMahon appears in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 in Las Vegas, Nevada.Ethan Miller | Getty ImagesVince McMahon's World Wrestling Entertainment is in advanced talks to be sold to Ari Emanuel's Endeavor Group, the parent company of Ultimate Fighting Championship, according to people familiar with the matter.A deal could be announced as soon as Monday. UFC and WWE are expected to form a new publicly traded…