TKO

“Within TKO, they will help power the growth of our revenue streams and position us to capture even more upside from some of the most attractive parts of our sports ecosystem.”

TKO, the company which owns WWE, has described the move to Netflix as "a major programming shift" - leaving traditional TV stations for the first time since Raw became a thing in the early 90s.

It was the third time in five months that the WWE founder has sold off large chunks of his TKO holdings, totaling approximately $1.5 billion.

Silver Lake says that when consolidating all of TKO’s value into Endeavor, the combined total enterprise value is $25 billion.

The settlement comes about six months after the creation of the publicly traded TKO, which merged UFC with World Wrestling Entertainment in a $21.4-billion deal.