Endeavor Group Holdings, led by the high-power agent to the stars, Ari Emanuel, said that it is considering a sale of some of its assets. Earlier this year, Endeavor, which owns mixed martial arts company UFC, merged with World Wrestling Entertainment to create TKO Holdings. Endeavor is the majority owner of TKO, and Emanuel serves as CEO. Shares of TKO Holdings, which is a separate publicly traded company apart from Endeavor, climbed nearly 2% in after-hours trading Wednesday. Endeavor’s announcement of a strategic review comes less than two months after French billionaire Francois-Henri Pinault purchased a majority stake in WME’s talent agency rival, CAA.

Source: CNN October 26, 2023 15:15 UTC