TKO Group to acquire Professional Bull Riders, On Location, and IMG from Endeavor for $3.25bn.

TKO Group, a premium sports and entertainment company, agreed to acquire Professional Bull Riders, a premier bull riding organization, On Location, a premium experiential hospitality, offering ticketing, curated guest experiences, live event production and travel management across sports, entertainment, fashion and culture and IMG, an industry-leading global sports marketing agency, from Endeavor, a media company in the fields of sports, events, media and fashion, for $3.25bn. “Today’s announcements reflect the continued strength of our underlying business and our commitment to deploying capital through a balanced capital allocation strategy, including through our share repurchase program and quarterly cash dividend program. This underscores our continued focus on delivering sustainable long-term value for our shareholders,” Ariel Emanuel, TKO Executive Chair and CEO.