The antitrust lawsuit against the UFC is over and the shareholders are happy. That was the big news Wednesday, as the UFC’s parent company — TKO Group Holdings — filed a disclosure with the Securities and Exchange Commission revealing that the company has settled two separate class action lawsuits with a total payout of $335 million.
Within 20 minutes, the TKO stock price had jumped more than 5% and was up 7.84% at market close. Clearly, investors are happy to see these lawsuits, with estimated potential damages set as high as $1.6 billion, get put to rest.