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The Hustle Daily Show
If ya smell what TKO is cookin’
Mar 5, 2024
TKO Group Holdings, parent company of WWE & UFC, rakes in cash post-merger. The Rock joins the board. Jetblue, Spirit merger fails. EU fines Apple $2B. Talks of airline mergers, tech crackdown, celebs in sports investments. Internet cable damage, TKO's success, sports entertainment revenue growth. WWE characters, controversies, golf promotion.
15:10
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Quick takeaways
- TKO Group Holdings generates significant revenue from live entertainment and merch sales.
- Apple fined $2 billion by EU for antitrust violations in the App Store, impacting digital marketplaces.
Deep dives
Mega Merger Disrupted: JetBlue and Spirit Airlines Cancel $3.8 Billion Merger
JetBlue and Spirit Airlines have called off their $3.8 billion merger due to antitrust claims and a federal court intervention. JetBlue will compensate Spirit $69 million for terminating the deal, impacting potential fleet growth and flight inventory. Despite potential benefits, concerns over market dominance and price control linger. Recent regulatory trends suggest heightened scrutiny on mergers, possibly influenced by the tech industry's expanding influence.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode