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The UFC has agreed to pay $335 million to settle class action lawsuits related to wage-fixing claims. The lawsuits alleged that the UFC abused its market power through exclusive contracts and acquisition tactics. TKO Holdings, the parent company of the UFC, reached the settlement just over a month before the trial was set to begin. The settlement was disclosed in a filing with the U.S. Securities and Exchange Commission. The agreement has led to a positive impact on TKO Group Holdings stock, which rose nearly 8% after the announcement.
Full UFC antitrust settlement breakdown starts now. Join me at the link in the quoted tweet 👇👇👇 https://t.co/yJhdzFaJUe
Brendan Schaub reacts to #UFC reaching $335 million settlement in anti trust lawsuits filed against them by former fighters. 👀 “This is a massive, massive victory for the UFC. .. Awful for the fighters. Nothing changes.” #MMA https://t.co/vkkjFlNTjG
An all-new #BTL is LIVE in moments with @MikeHeck_JR, @shaunalshatti, and @JedKMeshew talking the antitrust lawsuit settlement, the latest on McGregor and Ngannou, and much more. Plus, a fun announcement to kick things off. https://t.co/aHBM01h0aI