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Endeavor And TKO Group Are Buying $311M More In Stock From Vince McMahon, But The Disgraced Ex-WWE Boss Still Has A Large Stake

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deadline.com

More of former TKO Group Executive Chairman Vince McMahon‘s large stake in the company is changing hands, with Endeavor and TKO agreeing to buy a combined $311.2 million of his stock.

In an SEC filing, Endeavor Group said it would buy shares worth about $146.2 million. TKO Group Holdings, which Endeavor controls, will buy another $165 million in stock.

The moves follow recent comments about McMahon’s TKO position by Mark Shapiro, who is president and COO of TKO and Endeavor.

On TKO’s quarterly earnings call in February with Wall Street analysts, he said the company was “on the sideline” waiting to see if McMahon would be shedding any more of his holdings.

Read more on deadline.com
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