In addition to the acquisitions, the company also announced that the board of directors authorized a share repurchase of up to $2 billion of Class A common stock.IMG is one of the world's largest sports content distributors, selling media rights, content packages, digital services and brand partnerships, representing over 200 rights holders. Thier star-studded list of clients include the NFL, English Premier League, NHL, MLS, and many others.PBR is the world's premier bull riding league.
Mark Shapiro, President and COO commented: "PBR, On Location, and IMG are industry-leading assets that meaningfully enhance TKO’s portfolio and strengthen our position in premium sports globally. Within TKO, they will help power the growth of our revenue streams and position us to capture even more upside from some of the most attractive parts of our sports ecosystem: media rights, live events, ticket sales, premium experiences, brand partnerships, and site fees.
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