TKO Group to acquire some Endeavor sports assets for $3.25 billion

(Reuters) -TKO Group Holdings said on Thursday it would acquire some of Endeavor Group Holdings’ sports assets in a deal valued at $3.25 billion.

The deal will include Endeavor’s Professional Bull Riders, On Location and IMG. These are expected to boost TKO’s existing core Ultimate Fighting Championship and World Wrestling Entertainment businesses.

(Reporting by Harshita Mary Varghese in Bengaluru; Editing by Shilpi Majumdar)