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Stock impact report

TKO Announces $1 Billion in Share Repurchases

TKO Group Holdings, Inc. Class A (TKO) 
Company Research Source: Business Wire
Including $800 Million Accelerated Share Repurchase and Up to $200 Million 10b5-1 Trading Plan NEW YORK--(BUSINESS WIRE)--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.“Our plan to repurchase $1 billion of additional shares reflects our continued confidence in TKO’s business and long-term prospects,” said Mark Shapiro, President and COO, TKO. “This next phase of repurchases will all but satisfy our $2 billion share repurchase auth Show less Read more
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