TKO Buying On Location, IMG and PBR in $3.25 Billion Endeavor Swap

Endeavor Group Holdings is sending three business lines—events arm On Location, media rights division IMG and the Professional Bull Riders circuit—to subsidiary TKO Group Holdings in a $3.25 billion deal. The transaction, announced Thursday, will see TKO swap 26.14 million shares of its stock for the three business units, resulting in Endeavor increasing its majority […]