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Ari Emanuel's Endeavor agrees to buy all of Ultimate Fighting Championship

Endeavor, the talent agency and entertainment company led by Ari Emanuel, has agreed to acquire 100% of Ultimate Fighting Championship, according to information contained in a Wednesday afternoon IPO filing.

Background: Endeavor currently has a 50.1% stake in UFC, based on a 2016 deal done alongside private equity firms Silver Lake and KKR.

This is a breaking story and will be updated shortly.

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China pushes for hegemony with Hong Kong security's law extraterritorial threat

All multinational companies and executives need to worry about breaking U.S. law, no matter where they're based or doing business. Now, they need to worry about Chinese law, too.

Why it matters: The projection of U.S. norms and laws around the world has been an integral (and much resented) part of America's "soft power" since 1945. As China positions itself to replace the USA as global hegemon, expect it to become increasingly assertive along similar lines.

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