Posted on 8/11/125 by Colin Vassallo
TKO shares increased by 10.32% during trading today on Wall
Street coming off the historic UFC media rights deal with
Paramount Skydance.
Shares opened at $164.21 each but quickly climbed at the start
of the day after the announcement was made early in the
morning before the market opened.
TKO closed the day trading at $180.14, giving the company a
market cap value of $14.8 billion.
UFC’s deal with Paramount amounts to $7.7 billion over seven
years with all of UFC’s numbered events plus 30 Fight Nights
shows moving to Paramount+.