Egon Durban, who is also a CEO and board member of Silver Lake Group, LLC, is connected to these transactions through his role as a board member of Silver Lake West VoteCo, LLC, the general partner of Silver Lake Equityholders. The transactions resulted in an increase in the shares owned by the reporting entities, reflecting their confidence in the growth prospects of TKO Group Holdings. Analysts share this bullish forecast, with expected revenue growth of 66% and a positive consensus recommendation of 1.5 out of 5.InvestingPro analysis reveals 14 additional investment tips for TKO, including detailed insights into valuation metrics and growth indicators. Analysts share this bullish forecast, with expected revenue growth of 66% and a positive consensus recommendation of 1.5 out of 5.InvestingPro analysis reveals 14 additional investment tips for TKO, including detailed insights into valuation metrics and growth indicators.
Egon Durban, who is also a CEO and board member of Silver Lake Group, LLC, is connected to these transactions through his role as a board member of Silver Lake West VoteCo, LLC, the general partner of Silver Lake Equityholders. The transactions resulted in an increase in the shares owned by the reporting entities, reflecting their confidence in the growth prospects of TKO Group Holdings. Analysts share this bullish forecast, with expected revenue growth of 66% and a positive consensus recommendation of 1.5 out of 5.InvestingPro analysis reveals 14 additional investment tips for TKO, including detailed insights into valuation metrics and growth indicators.
Egon Durban, who is also a CEO and board member of Silver Lake Group, LLC, is connected to these transactions through his role as a board member of Silver Lake West VoteCo, LLC, the general partner of Silver Lake Equityholders. The transactions resulted in an increase in the shares owned by the reporting entities, reflecting their confidence in the growth prospects of TKO Group Holdings.
In other recent news, ex World Wrestling Entertainment (NYSE:) Inc. 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 resulted in 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 reimburse WWE $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 firm’s analyst cited a stable outlook for WWE and an updated forecast for Ultimate Fighting Championship (UFC) rights. TKO Group Holdings also secured a $2.25 billion loan and made strides in its financing initiatives with a $2.75 billion term loan.
Furthermore, TKO Group Holdings advanced its acquisition of Professional Bull Riders, On Location and IMG from Endeavor in an all-equity deal valued at $3.25 billion. The acquisition prompted mixed reactions from analysts, with BofA Securities maintaining a Buy rating and raising its price target on TKO to $165, while Benchmark downgraded TKO shares from Buy to Hold due to concerns about potential growth.
TKO Group Holdings also settled a consolidated class action antitrust lawsuit for $375 million. These are recent events for TKO Group Holdings.
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