TKO Group Announces $1B Buyback Program
Benzinga Newsdesk 8 months ago
News
TKO Group Holdings, Inc. (NYSE: TKO) ("TKO" or the "Company"), a premium sports and entertainment company, today announced that it has entered into an accelerated share repurchase agreement (the "ASR Agreement") to
TKO Group Holdings, Inc. (NYSE: TKO) ("TKO" or the "Company"), a premium sports and entertainment company, today announced that it has entered into an accelerated share repurchase agreement (the "ASR Agreement") to repurchase $800 million of its outstanding Class A common stock. The Company also announced that it has entered into a 10b5-1 trading plan for the repurchase of up to $200 million of its outstanding Class A common stock (the "10b5-1 Plan").
Repurchases under the ASR Agreement and the 10b5-1 Plan are being completed under TKO's previously announced $2.0 billion share repurchase authorization.