O Group Holdings, Inc. (NYSE:TKO) announced a blockbuster $5 billion deal with Netflix, Inc. (NASDAQ:NFLX) on Tuesday which will bring the WWE's live, weekly program "Raw" exclusively to Netflix's streaming service. TKO CEO Ari Emanuel joined CNBC's "Squawk Box" on Tuesday to discuss the exclusive, 10-year deal, which drove TKO's stock over 20% higher following the announcement.
The Detroit Lions are one win away from making it to the first Super Bowl in team history. Expectations were high for the 2023 NFL season with the team among the betting favorites at the start of the season.
The company might market approximately 100 million shares within a range of $16 to $18 each. The terms of this potential offering could be announced in the coming days.