Patrick Whitesell, Executive Chairman of Endeavor Group Holdings, Inc. (NYSE: ), has made significant acquisitions of TKO Group Holdings, Inc. (NYSE:) Class A common stock. The timing is remarkable as TKO is trading near its 52-week high of $149.40, having gained more than 35% in the past six months. According to the most recent SEC filing, Whitesell purchased shares worth approximately $50.3 million in multiple transactions.

Purchases are executed through Endeavor Operating Company, LLC, as part of a pre-established trading plan. The transactions took place between January 17 and January 22, 2025, with prices ranging from $142.57 to $146.13 per share. As a result of these acquisitions, the shares owned by Endeavor Operating Company increased to 1,031,804. InvestingPro The data shows that TKO commands a market capitalization of $24.46 billion, with analysts maintaining a bullish view on the stock.

These transactions highlight Endeavor’s continued investment in TKO Group Holdings, further strengthening its stake in the company. Whitesell, who is a ten percent owner, conducts these transactions indirectly through Endeavor Operating Company, LLC, and disclaims beneficial ownership other than his cash interest. According to InvestingProanalysts expect TKO to turn a profit this year, with 12 more exclusive insights available to subscribers.

In other recent news, TKO Group Holdings has seen significant developments. The company secured a $2.25 billion credit facility and took steps to finance initiatives with a $2.75 billion term loan. In addition, TKO acquired Professional Bull Riders, On Location, and IMG from Endeavor in an all-equity deal valued at $3.25 billion. Analysts from BofA Securities and Citi maintained a Buy rating on TKO, despite Benchmark downgrading TKO shares from Buy to Hold due to potential growth dilution concerns. TKO also agreed to a $375 million settlement in a joint action antitrust lawsuit.

Similarly, former WWE CEO Vince McMahon settled charges with the SEC for undisclosed agreements that violated WWE’s system of internal accounting controls, which led to WWE’s material misstatements. 2018 and 2021 financial statements. These undisclosed agreements resulted in WWE overstating 2018 net income by approximately 8 percent and 2021 net income by approximately 1.7 percent. McMahon agreed to pay a $400,000 civil penalty and reimburse WWE $1,330,915.90 under Section 304(a) of the Sarbanes-Oxley Act.

These are recent developments for TKO Group Holdings and WWE.

This article was created with the support of AI and reviewed by an editor. For more information see our T&C.