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UFC finalises $7.7bn Paramount deal for seven years of coverage

Deals & M&A

UFC said it had finalised a seven-year agreement with Paramount to screen its events, ending pay-per-view fights on ESPN. TKO Group Holdings chief operating officer Mark Shapiro said integration of betting into coverage was a significant factor in accepting the deal. The report says the agreement is expected to widen access to UFC events and could increase betting activity.

The shift in UFC coverage and planned betting integration could change operators’ opportunities around the sport.

End-of-day close PENN Entertainment (PENN), USD, to 26 September 2025
Story date30 June 202526 September 2025

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Deals & M&A

PENN and ESPN end sportsbook partnership as PENN shifts digital focus to iCasino

PENN Entertainment and ESPN agreed to end their sportsbook partnership on 1 December 2025, PENN said on 6 November. PENN reported that the ESPN BET brand had about 3% of the US online sports betting market, against an earlier projection of up to 20%, and said it would refocus its digital strategy on iCasino. Its interactive segment recorded $297.7 million in Q3 2025 revenue and an adjusted EBITDA loss of $76.6 million.

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