Reported Oct 22, 2024, "UFC, Fighters Close On $375M Settlement With Judge's Approval" - ESPN
Portfolio Pulse from Benzinga Newsdesk
A Nevada judge has given preliminary approval for a $375 million settlement in an antitrust lawsuit against the UFC, involving its parent company TKO Group. The settlement concludes the first of two lawsuits, with final approval pending.
October 23, 2024 | 3:28 pm
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TKO Group, UFC's parent company, has reached a $375 million settlement in an antitrust lawsuit, receiving preliminary approval from a Nevada judge. This could impact TKO's financials and stock price.
The settlement resolves a significant legal issue for TKO Group, potentially stabilizing its legal outlook. However, the financial impact of the $375 million payout could affect its financials. The stock price impact is uncertain until final approval and payout details are confirmed.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90