"Feds Investigate WWE Head Vince McMahon Amid SEC Probe"

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Source: The Washington Post
"Feds Investigate WWE Head Vince McMahon Amid SEC Probe"
Photo: The Washington Post
TL;DR Summary

WWE head Vince McMahon has been served a federal grand jury subpoena and search warrant as part of an ongoing investigation into allegations of sexual misconduct. The investigation, which began in 2022, has been a cause for concern as WWE seeks to finalize a billion-dollar merger with the Ultimate Fighting Championship (UFC). McMahon, who has denied any intentional wrongdoing, is closely associated with WWE, and any uncertainty regarding his status has previously affected the company's stock price. The merger with UFC's parent company, Endeavor Group Holdings, is expected to be completed in the second half of this year.

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