TKO Jumps, Cannabis Stocks Rise, Hershey Falls
On this edition of Stock Movers:- TKO Group (TKO) shares advanced today after Paramount Skydance acquired the exclusive rights to show all events from the Ultimate Fighting Championship in the US over the next seven years, the companies announced Monday, a $7.7 billion deal designed to boost the Paramount+ streaming service. Paramount will offer the UFC’s 13 marquee events and 30 additional fight nights on its streaming service, while also showing select events on the CBS broadcast network, starting next year. UFC’s marquee events are typically numbered and feature title matches…
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