Tko Group bought WWE from Vince McMahon in 2023. Following the purchase, they named Vince to the Tko Board and he handed control of the company over to the group. However, following a civil lawsuit that alleges sexual assault and sex trafficking, Vince left the board and gave up all power with the company he helped build to stardom.
Since he left, Vince has been selling his stock and over WrestleMania weekend, he sold more. This time around, he made $311 million in stock sales.
Vince McMahon Sells $311 Million In Stock
Vince McMahon has sold more stock since leaving WWE. This time, he sold 1.85 million of his shares in Tko at a per-share price of $89.01 for a total of $165 million, per an SEC filing Monday (via Variety). He then also sold 1.64 million shares of Class A common stock of Tko (also for $89.01 per share) for $146.2 million. He gets $311.2 million from the sales.
Since he left, Vince has been selling his stock and over WrestleMania weekend, he sold more. This time around, he made $311 million in stock sales.
Vince McMahon Sells $311 Million In Stock
Vince McMahon has sold more stock since leaving WWE. This time, he sold 1.85 million of his shares in Tko at a per-share price of $89.01 for a total of $165 million, per an SEC filing Monday (via Variety). He then also sold 1.64 million shares of Class A common stock of Tko (also for $89.01 per share) for $146.2 million. He gets $311.2 million from the sales.
- 4/8/2024
- by Shawn Lealos
- TV Shows Ace
Vince McMahon’s corporate coup that paved a path for him to force his way back onto the WWE board and merge the sports entertainment powerhouse with Endeavor’s UFC is back in the spotlight, with a lawsuit arguing that he ignored more lucrative offers at the expense of investors.
A suit, unsealed in the Delaware Court of Chancery on Nov. 22, alleges that McMahon pushed a “quick sale” of WWE to Endeavor chief Ari Emanuel, his “close friend and longtime ally” who proposed a sweetheart deal that allowed the wrestling mogul to stay on as executive chairman of Tko Group and avoid scrutiny in connection with sexual misconduct allegations that could’ve ousted him from the company. According to the complaint filed by investors, WWE board members “conjured up a sham sales process” designed to favor Endeavor and “exclude other bidders seeking to axe” McMahon, disregarding at least two all-cash offers with betters terms.
A suit, unsealed in the Delaware Court of Chancery on Nov. 22, alleges that McMahon pushed a “quick sale” of WWE to Endeavor chief Ari Emanuel, his “close friend and longtime ally” who proposed a sweetheart deal that allowed the wrestling mogul to stay on as executive chairman of Tko Group and avoid scrutiny in connection with sexual misconduct allegations that could’ve ousted him from the company. According to the complaint filed by investors, WWE board members “conjured up a sham sales process” designed to favor Endeavor and “exclude other bidders seeking to axe” McMahon, disregarding at least two all-cash offers with betters terms.
- 11/28/2023
- by Winston Cho
- The Hollywood Reporter - Movie News
U.S. stocks just wrapped their worst year since 2008 with media and tech leading the downward spiral. Streaming got messy, linear TV declined, a theatrical recovery sputtered, inflation, interest rates, unemployment and geopolitics turned ugly, recession jitters hit advertising, and M&a mostly ground to a halt. When it didn’t, it probably should have.
“It’s a very complicated environment, and largely unprecedented,” said Moody’s SVP Neil Begley.
The SmackDown did have a winner: Sports entertainment engine WWE ended the year with a gain of 38. The runner up — big broadcaster and new CW owner Nexstar, which rose 16.
These were rare exceptions in a year of carnage for players big and small across all areas of entertainment. Disney, the only media stock in the Dow Jones Industrial Average, down 44, didn’t just have a bad year, it had its worst...
“It’s a very complicated environment, and largely unprecedented,” said Moody’s SVP Neil Begley.
The SmackDown did have a winner: Sports entertainment engine WWE ended the year with a gain of 38. The runner up — big broadcaster and new CW owner Nexstar, which rose 16.
These were rare exceptions in a year of carnage for players big and small across all areas of entertainment. Disney, the only media stock in the Dow Jones Industrial Average, down 44, didn’t just have a bad year, it had its worst...
- 12/31/2022
- by Jill Goldsmith
- Deadline Film + TV
MSNBC's president vowed to fire Keith Olbermann after he threatened to take his case to other networks. Howard Kurtz on the civil war that has NBC brass-and his own staff-fuming.
Keith Olbermann was having dinner with his manager at an Upper East Side restaurant, chewing over their battle to lift his suspension at MSNBC, when Phil Griffin called.
Related story on The Daily Beast: The Education of Luke Russert
Michael Price stepped out of the Atlantic Grill to talk to MSNBC's president, leaving his client with a platter of 18 oysters. It was Sunday, Nov. 7, and Price informed Griffin that if they couldn't resolve their differences quickly, Olbermann would take his complaints public by accepting invitations from Good Morning America, David Letterman, and Larry King.
"Why are you putting us in the position where you're daring us to do this?" Price demanded, his voice rising.
"If you go on Gma, I will fire Keith,...
Keith Olbermann was having dinner with his manager at an Upper East Side restaurant, chewing over their battle to lift his suspension at MSNBC, when Phil Griffin called.
Related story on The Daily Beast: The Education of Luke Russert
Michael Price stepped out of the Atlantic Grill to talk to MSNBC's president, leaving his client with a platter of 18 oysters. It was Sunday, Nov. 7, and Price informed Griffin that if they couldn't resolve their differences quickly, Olbermann would take his complaints public by accepting invitations from Good Morning America, David Letterman, and Larry King.
"Why are you putting us in the position where you're daring us to do this?" Price demanded, his voice rising.
"If you go on Gma, I will fire Keith,...
- 11/15/2010
- by Howard Kurtz
- The Daily Beast
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