TKO Group Holdings LLC, parent company of WWE and UFC, today reported first-quarter revenue of $1.597 billion in an earnings conference call with investors. That marks a 26% increase in revenue for the publicly traded company in 2026, with the UFC and WWE driving much of that growth. TKO executives also reported that the company…
Swiss drugmaker Novartis said on Sunday it has agreed to acquire U.S. biotech firm Avidity Biosciences for about $12 billion in cash, as the company looks to bolster its portfolio of treatments for rare muscle disorders. Under the terms of the deal, Avidity shareholders will receive $72 per share in cash, representing a 46% premium…
By Padmanabhan Ananthan and Angela Christy M. (Reuters) -Swiss drugmaker Novartis said on Sunday it has agreed to acquire U.S. biotech firm Avidity Biosciences for about $12 billion in cash, as the company seeks to bolster its portfolio of treatments for rare muscle disorders. Under the terms of the deal, Avidity shareholders will receive $72…
