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TKO Group to buy 3 businesses from Endeavor Group for $3.25B

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TKO Group, which owns WWE and UFC, is buying three sports-related businesses from Endeavor Group for $3.25 billion.

The businesses being acquired are Professional Bull Riders, On Location and IMG.

The all-stock deal will see Endeavor's ownership in TKO increase to 59% from 53%.

Read more from CNBC.

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