Arena Group Holdings, Inc. shares rise 2.17% intraday after TKO extends exclusive partnership with T-Mobile Arena.

The Arena Group Holdings, Inc. rose 2.17% during intraday trading. The company's stock price increased following the announcement of an extended exclusive partnership between TKO Group Holdings, Inc. ('TKO') and T-Mobile Arena through 2030. This partnership guarantees a minimum of four annual UFC events and two WWE events at the iconic arena, further cementing Las Vegas as the global epicenter of combat sports and entertainment.