"Vince McMahon's $311M Stock Sell-Off to TKO and Endeavor"

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Source: Hollywood Reporter
"Vince McMahon's $311M Stock Sell-Off to TKO and Endeavor"
Photo: Hollywood Reporter
TL;DR Summary

Vince McMahon, former WWE executive, is selling $311.2 million worth of TKO stock to the company and Endeavor, further distancing himself from the sports entertainment firm. This move comes after McMahon's exit from the company in January and follows TKO's acquisition of WWE. The stock repurchase plan will increase Endeavor's ownership stake in TKO, while Triple H has been given creative control and Dwayne "The Rock" Johnson has joined as a board member.

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