• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Contact us
  • Terms of Service
  • Privacy Policy
  • Sitemap

New Nation News

News in Brief

  • Home
  • Entertainment
  • Gaming
  • Social Media
    • Keyword Research
    • Video SEO
    • Social Media Optimization
  • Sports
  • Technology
  • Video Games

Endeavor Group Holdings, the parent company of UFC, reported solid financial results and attendance records across their owned sports properties and marquee events. The CEO, Ari Emanuel, expressed excitement about the proposed combination of UFC and WWE.

Table Of Contents
  1. Sale of IMG Academy
  2. Share Repurchase and Quarterly Dividend
  3. Proposed Combination of UFC and WWE
  4. Focus on Durable Growth

Sale of IMG Academy

Endeavor has agreed to sell IMG Academy, a preparatory school and sports training facility, to a joint venture between William Morris Endeavor, Silver Lake, and MSD Capital for $1.2 billion. This move comes as Endeavor continues to focus on maximizing return for their shareholders.

Share Repurchase and Quarterly Dividend

Along with the sale of IMG Academy, Endeavor also announced a planned share repurchase and quarterly dividend. These moves are all part of the company’s commitment to maximizing return for shareholders.

Proposed Combination of UFC and WWE

Emanuel expressed excitement about the proposed combination of UFC and WWE, which would bring together two of the biggest names in sports entertainment. The potential combination is still in its early stages, but it presents a unique opportunity for both companies.

Focus on Durable Growth

Throughout the statement, Emanuel emphasized Endeavor’s focus on durable growth as they continue to execute their successful strategy in content and experiences. The company has set numerous financial and attendance records across their owned sports properties and marquee events, and they remain committed to delivering solid results for their shareholders.

In conclusion, Endeavor Group Holdings reported solid financial results and attendance records for the quarter, while also announcing the sale of IMG Academy, a planned share repurchase and quarterly dividend, and their excitement about the proposed combination of UFC and WWE. The company’s CEO, Ari Emanuel, emphasized their focus on durable growth as they continue to execute their successful strategy in content and experiences. With this latest announcement, Endeavor is showing their commitment to maximizing return for shareholders.

Frequently Asked Questions

  • What is Endeavor and what businesses does it own?

    Endeavor Group Holdings is a global entertainment, sports and content company, founded in 1995 by Ari Emanuel and Patrick Whitesell. The company owns several businesses, including Ultimate Fighting Championship (UFC), Professional Bull Riders (PBR), and the William Morris Endeavor (WME) talent agency.

  • What is the Endeavor dividend and how much will it be?

    The Endeavor dividend is a quarterly payment to shareholders of the Endeavor Operating Company. The first dividend is expected to be declared in Q3 and will be up to $25 million, which will be passed on to common shareholders, including Endeavor Group Holdings.

  • What deals has Endeavor recently made?

    Endeavor has recently made several deals, including the merger of UFC and WWE into a new Endeavor-controlled public company, and the sale of IMG Academy to a private equity firm for $1.25 billion.

  • What is Endeavor’s guidance for revenue and EBITDA for the year?

    Endeavor’s guidance for revenue and EBITDA for the year is between $5.665 billion and $5.815 billion, and $1.220 billion to $1.275 billion respectively. However, this is primarily due to the sale of IMG Academy.

Filed Under: College Sports

Previous: Kathleen Kennedy Gives Update on Rian Johnson and Taika Waititi’s Star Wars Movies
Next: New Warner Music CEO Promises Strong Release Schedule and Embraces AI Opportunities

Competition watchdog approves 5.4bn Inmarsat-Viasat merger

The UK firm Inmarsat’s takeover by US firm Viasat for 5.4 billion has been cleared by the Competition and Markets Authority (CMA). The CMA’s investigation launched in October 2022 aimed to evaluate the merger’s impact on competition in the satellite sector, primarily assessing the potential increase in airline’s wifi prices. However, the CMA’s scrutiny discovered […]

the-evolution-of-fast-furious-franchise-from-street-racing-to-high-octane-action-2

The Evolution of “Fast & Furious” Franchise: From Street Racing to High-Octane Action

Discover how the “Fast & Furious” franchise has transformed from its humble beginnings as a street racing drama to a thrilling series of high-octane action films. Explore the shift in focus, the success of the franchise, and its enduring appeal. Table Of Contents The Origins of the Franchise A Shrewd Decision Box Office Dominance Cars […]

default

Sega Corp. to Acquire Rovio Entertainment, Expanding into Mobile Gaming

Sega Corp., the Japanese video game company known for franchises like “Sonic the Hedgehog” and “Yakuza,” is set to acquire Rovio Entertainment Oyj, the Finland-based developer behind the immensely popular “Angry Birds” game. The 706 million ($776 million) deal aims to strengthen Sega’s position in the mobile gaming industry and diversify its product offerings. Table […]

Primary Sidebar




default

Raspberry Pi Zero and RecurBOY: A Pocket-sized Video Synth Revolution

DIY Bullet Time Effect: Photographer Builds Affordable Setup for Stunning Visuals

Exciting Title: Bayern Munich Clinch Bundesliga Title, Lionel Messi Makes History, and Dramatic Final Day Unfolds in European Football

default

Foley Family Wines Expands Portfolio with Acquisition of Distillery in Minden

the-allure-of-smoky-eyes-a-timeless-and-versatile-makeup-look-2

The Allure of Smoky Eyes: A Timeless and Versatile Makeup Look

lara-croft-collection-rated-by-esrb-for-nintendo-switch-release-2

Lara Croft Collection Rated by ESRB for Nintendo Switch Release

the-federal-plantation-a-tale-of-subjugation-and-injustice-an-eye-opening-allegory-exposing-institutional-abuse-2

The Federal Plantation: A Tale of Subjugation and Injustice – An Eye-Opening Allegory Exposing Institutional Abuse

bronny-james-to-join-usc-trojans-basketball-team-in-the-fall-2

Bronny James to Join USC Trojans Basketball Team in the Fall

© Copyright 2023 by newnationnews.org.