Vince McMahon, the disgraced former CEO of TKO, has finalized agreements to sell a significant portion of his TKO stock, totaling over 3.4 million shares, to both TKO and Endeavor Group Holdings. The transactions are valued at approximately $311.2 million, with 1,642,970 Class A shares sold to Endeavor Group Holdings at $89.01 per share for $146.2 million, and 1,853,724 million shares sold to TKO at the same price per share for $165 million. This move comes after McMahon's resignation from the TKO board. Through these and previous sales, McMahon has amassed over $1.4 billion from TKO stock transactions. Amidst these financial dealings, McMahon has faced accusations of creating a 'fundamentally sick environment' at WWE, with allegations of sex trafficking also surfacing. Despite these controversies and his resignation, reports suggest McMahon still maintains a significant stake in the company.
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Vince McMahon sells $311 million in stock to TKO and Endeavor in buyback https://t.co/06z6P1SrVr
Endeavor and TKO buying back more stock from Vince McMahon, who still owns plenty https://t.co/fUvAh3MgMw https://t.co/vTUYJGnHaQ
WWE's disgraced founder Vince McMahon, who was recently accused of trafficking a former employee, continues to loosen his grip on the wrestling company he founded, most recently selling $311 million worth of stock in WWE's parent. https://t.co/Z7efd26nvi
Endeavor, TKO is spending more than $311 million to buy back stock from Vince McMahon. McMahon continues to sell off more and more of his stock in TKO. He's earned more than $1.4 billion in sales from that stock #UFC #WWE https://t.co/5JNGk5EufD
Endeavor, TKO buying back over $311 million worth of stock from Vince McMahon https://t.co/XkbdrPA1l3
Endeavor And TKO Group Are Buying $311M More In Stock From Vince McMahon, But The Disgraced Ex-WWE Boss Still Has A Large Stake https://t.co/u4t2QOlRmn
Vince McMahon sells back $311 million in TKO stock to Endeavor https://t.co/TkReGt3zbv
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Ronda Rousey accuses Vince McMahon of creating a 'fundamentally sick environment' at WWE... and says the ex-CEO is STILL running the show - despite resigning amid sex-trafficking allegations: 'His cronies are still there' https://t.co/j5nF3uufuZ https://t.co/VzAC4z74Kt
Vince McMahon Selling Over 3.4 Million TKO Shares To TKO And Endeavor https://t.co/uqBmNgVXFh
Vince McMahon will receive $311.2 million total from the two stock repurchase deals. All told, he has now earned about $1.5 billion through TKO stock sales. https://t.co/UhHOC4EyLp
Vince McMahon, After Quitting TKO Board, Is Selling $311 Million in Stock Back to Company and Endeavor https://t.co/Cik1NBtPU7 via @variety
Vince McMahon, After Quitting TKO Board, Is Selling $311 Million in Stock Back to Company and Endeavor https://t.co/UhHOC4EyLp
Vince McMahon to Sell $311M in TKO Stock to the Company and Endeavor https://t.co/QhhZxB5ZmR
SEC FILING— VINCE McMAHON has agreed to sell 1,642,970 $TKO Class A shares to Endeavor Group Holdings $EDR at $89.01 per share for a consideration of $146.2 million. VINCE has also agreed to sell 1,853,724 million shares to $TKO at $89.01 for a consideration of $165 million.
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