EDR Stock Recent News

Ari Emanuel's Endeavor Group Holdings, which owns a majority stake in Ultimate Fighting Championship, said late Wednesday that it would explore strategic alternatives, which may mean a possible sale or potentially going private again after being a public company for two and a half years.

Sports behemoth Endeavor Group Holdings said on Wednesday it has begun a formal review to evaluate strategic alternatives for the company, but would not consider the sale or disposition of its interest in TKO Group Holdings.

Shares of Endeavor Group Holdings Inc. EDR, -1.96% jumped more than 8% in the extended session Wednesday after the sports entertainment company said it was looking for “strategic alternatives.” The review won't include a sale of the company's TKO Group Holdings, Inc., which it formed earlier this year merging Ultimate Fighting Championship and World Wrestling Entertainment.

BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Endeavor Group Holdings, Inc. (“Endeavor”), a global sports and entertainment company, will release its third quarter 2023 results before market hours on Wednesday, November 8, 2023. The live teleconference to discuss these results and provide a business update is scheduled for 5 a.m. PT / 8 a.m. ET the same day.

The potential investment comes amid questions about whether politicians and regulators will let the PGA Tour's merger with LIV Golf go through.

Professional wrestling promotion juggernaut WWE formally tied the knot with UFC's parent company Endeavor to form a new company called TKO Group.

After an 18-month integration of WWE and UFC, TKO will begin hunting for more live sports-related acquisitions.

TKO Group, a new sports and entertainment company created as a result of the union between the Ultimate Fighting Championship (UFC) and World Wrestling Entertainment Inc (NYSE:WWE) has debuted on the New York Stock Exchange under the ticker symbol “TKO.” UFC-owner Endeavor Group Holdings will hold a 51% controlling interest in the new company while existing WWE shareholders will hold a 49% interest, Endeavor said in a statement on Tuesday.

Ari Emanuel, Endeavor CEO, and Mark Shapiro, Endeavor COO, join 'Squawk on the Street' to discuss why it's important to have both the CEO and COO in today's interview, how the pair split up responsibilities, and much more.

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