Here's your summary from Ari Emanuel's Big Big On UFC | On This Day (https://www.youtube.com/watch?v=BGJbS28Wlco) on the Bloomberg Television channel:

**TLDR:** Ari Emanuel purchased the UFC for $4 billion in 2016, leading to a series of acquisitions and mergers, but the corporate structure he built is now being unraveled.

1. In 2016, Ari Emanuel bought the UFC for $4 billion with the backing of private equity firms.

2. Emanuel's company, Endeavor, went on an acquisition spree, merging with IMG and acquiring other businesses.

3. Endeavor's corporate structure is being unraveled, with the UFC and WWE parts of the business being separated into a new public company called TKO.

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