TKO Holdings Group, the parent company of both the UFC and the WWE, announced it had reached a revised settlement with its fighters in the Le anti-trust case for $375 million, a figure which, if approved by U.S. District Judge Richard Boulware, will be paid over over time.
The UFC and fighters had come to a $335 million settlement agreement in March, that Boulware indicated he might not approve. According to a filing with the Securities and Exchange Commission, the company is hopeful Boulware will approve the new agreement.
"We have reached a revised agreement with Plaintiffs to settle the Le case with terms that we believe address Judge Boulware’s stated concerns," TKO announced in its filing. "While we believe the original settlement was fair — a sentiment that was also shared by Plaintiffs — we feel it is in the best interest of all parties to bring this litigation to a close."
The settlement is only for the Le case. A second case, dubbed Johnson, was included in the original settlement. However, in TKO's final, it noted that a motion to dismiss the complaint is pending.
The original cases were between December 2014 and March 2015. They were seeking up to $1.6 billion in damages.
News of the settlement did not substantially impact TKO Group's stock price. It closed on Wednesday at $121.25 and was at $121.45 at noon ET on Thursday.