TKO and Endeavor are buying some stock shares from Vince McMahon
WWE and its parent company continue to distance themselves from Vince McMahon following the allegations he is facing following a lawsuit alleging McMahon was involved in sex trafficking, sharing nude photos and explicit videos of Janel Grant without consent, and other things from the former WWE employee.
Once the suit came out, McMahon resigned from his duties at TKO. The company and former exec John Laurnatis were also named in the suit.
In a new SEC filing, it was revealed Endeavor is buying 1,642,970 shares for $142.6 million, and TKO is buying an additional 1,853,724 for about $150 million. The grand total is for about $293 million. It appears that McMahon will have 8,021,405 remaining TKO shares left after this agreement, leaving him with around 4.7% of TKO stock.
NEW FILING: TKO and Endeavor are buying shares from Vince McMahon.
In two agreements, Endeavor is buying 1,642,970 shares for $142.6M and TKO is buying an additional 1,853,724 for about $150M, for a total of about $293M.
By my count, after the transactions close on Tuesday and… pic.twitter.com/ibVQDvni4H
— Brandon Thurston (@BrandonThurston) April 8, 2024
