Egon Durban, who is also Co-CEO and Managing Member of Silver Lake Group, LLC, is connected to these transactions through his role as Managing Member of Silver Lake West VoteCo, LLC, the general partner of Silver Lake stockholders. The transactions resulted in an increase in shares owned by the reporting entities, reflecting their confidence in the growth prospects of TKO Group Holdings. Analysts share this optimistic outlook, with revenue expected to grow 66% and a bullish consensus recommendation of 1.5 out of 5.InvestingPro The analysis reveals 14 additional investment tips for TKO, including detailed insights into valuation metrics and growth indicators. Analysts share this optimistic outlook, with revenue expected to grow 66% and a bullish consensus recommendation of 1.5 out of 5.InvestingPro The analysis reveals 14 additional investment tips for TKO, including detailed insights into valuation metrics and growth indicators.
Egon Durban, who is also Co-CEO and Managing Member of Silver Lake Group, LLC, is connected to these transactions through his role as Managing Member of Silver Lake West VoteCo, LLC, the general partner of Silver Lake stockholders. The transactions resulted in an increase in shares owned by the reporting entities, reflecting their confidence in the growth prospects of TKO Group Holdings. Analysts share this optimistic outlook, with revenue expected to grow 66% and a bullish consensus recommendation of 1.5 out of 5.InvestingPro The analysis reveals 14 additional investment tips for TKO, including detailed insights into valuation metrics and growth indicators.
Egon Durban, who is also Co-CEO and Managing Member of Silver Lake Group, LLC, is connected to these transactions through his role as Managing Member of Silver Lake West VoteCo, LLC, the general partner of Silver Lake stockholders. The transactions resulted in an increase in shares owned by the reporting entities, reflecting their confidence in the growth prospects of TKO Group Holdings.
In other recent news, Previous The world of wrestling entertainment (NYSE:) CEO Vince McMahon has settled charges with the Securities and Exchange Commission (SEC) over undisclosed agreements that led to material misstatements in WWE's 2018 and 2021 financial statements. This led to WWE restating its financial statements in August 2022. McMahon agreed to cease and desist from violating those provisions, pay a civil penalty of $400,000, and compensate WWE in the amount of $1,330,915.90.
In other developments, TKO Group Holdings was in the spotlight with Citi maintaining its Buy rating on the company and increasing its price target on the stock from $137.00 to $170.00. The company's analyst noted firm expectations for WWE and an updated forecast for the Ultimate Fighting Championship (UFC) rights. TKO Group Holdings also secured a $2.25 billion loan facility and made strides in its financial initiatives with a $2.75 billion term loan.
Additionally, TKO Group Holdings consolidated its acquisitions of Professional Bull Riders, On Location and IMG from Endeavor in an all-stock deal valued at $3.25 billion. The acquisition sparked mixed reactions from analysts, with BofA Securities maintaining a Buy rating and increasing its price target on TKO to $165, while Benchmark downgraded TKO shares from Buy to Hold on potential concerns of weak growth.
TKO Group Holdings also settled a consolidated antitrust class action lawsuit for $375 million. These are the latest developments of TKO Group Holdings.
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