"WWE's Vince McMahon Controversy: Royal Rumble Fallout and Levesque's Response"

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Source: Deadline
"WWE's Vince McMahon Controversy: Royal Rumble Fallout and Levesque's Response"
Photo: Deadline
TL;DR Summary

Shares in TKO Group Holdings fell as investors weigh potential downside from the lawsuit filed against Vince McMahon and former WWE talent chief John Laurinaitis by former employee Janel Grant, who accused them of sex trafficking, battery, and rape. WWE's Chief Content Officer Paul Levesque, known as "Triple H," touted the company's recent successes and chose to focus on the positives when asked about the controversy. Analysts are cautious about TKO's stock due to the legal risks and Vince McMahon's significant ownership stake in the company.

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