Stock Analysis: TKO Group Holdings (NYSE: TKO)

The story of how TKO Group Holdings came to be is a little complicated.

Instead of starting out like most companies, and being a small standalone entity and eventually growing into a larger and more prominent one, TKO was actually born out of a merger, with the renowned World Wrestling Entertainment (WWE) and the just as globally acclaimed Ultimate Fighting Championship (UFC) (which was owned by a parent company named Zuffa, founded and led by pioneers of the fight-night entertainment world, the Fertitta brothers and the unapologetically authentic Dana White), both becoming one in September 2023.

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