The company said WME IMG, LLC, an indirect subsidiary of parent Endeavor Group Holdings, agreed under a stock purchase agreement signed on April 4, 2024 with Vincent K. McMahon to buy 1,642,970 shares of TKO Class A common stock at $89.01 per share, for a total of $146.2 million.

1. 01

   The company said WME IMG, LLC, an indirect subsidiary of parent Endeavor Group Holdings, agreed under a stock purchase agreement signed on April 4, 2024 with Vincent K. McMahon to buy 1,642,970 shares of TKO Class A common stock at $89.01 per share, for a total of $146.2 million.

2. 02

   TKO Group Holdings said it entered into a TKO Stock Purchase Agreement with Vincent K. McMahon on April 7, 2024, under which it agreed to buy 1,853,724 common shares at $89.01 per share, for a total of $165.0 million.

3. 03

   The company said it plans to fund the purchase price with about $150.0 million in borrowings under the revolving credit facility and with cash on hand, and that it intends to retire the common stock it buys after the closing.

4. 04

   The company said it expects the Endeavor share purchase to close on April 9, 2024 and the TKO share purchase on April 10, 2024, and that both transactions are subject to the satisfaction of customary closing conditions.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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