TKO Group Holdings

TKO

TKO Group Holdings, Inc. (TKO) is a media conglomerate created by Endeavor Group Holdings as part of a merger between World Wrestling Entertainment, Inc. (WWE) and Zuffa, the parent company of the Ultimate Fighting Championship (UFC). Following the completion of the merger on September 12, 2023, both WWE and UFC operate as divisions under the banner of TKO.The merger marked the first time that WWE has not been majority-controlled by the McMahon family, which had founded the company and owned it for over 70 years. This marked the third time that the UFC has changed ownership as its parent company Zuffa had been sold to Endeavor in 2016. Zuffa had previously purchased the UFC from the Semaphore Entertainment Group in 2001. WWE's Vince McMahon serves as executive chairman of the new entity, with Endeavor chief executive officer (CEO) Ari Emanuel becoming the new company's CEO and Mark Shapiro serving as president and chief operating officer.

TKO Group Holdings has been a target of short sellers for a while. The current short interest of 11.40% is roughly at the average of the last 12 months (11.17%).