A big transaction has occurred on a corporate level in WWE.
Brandon Thurston of Wrestle Nomics is reporting that in a new filing, TKO Group Holdings is buying shares from Vince McMahon.
According to the report, in two agreements, Endeavor is buying 1,642,970 shares for $142.6 million and TKO Group is buying an additional 1,853,724 for about $150 million, for a total of about $293 million.
When the transactions close on Tuesday and Wednesday of this week, Vince McMahon will have 8,021,405 remaining TKO Group shares, which is about 4.7 percent ownership of TKO.
Check out the filing at TKOGRP.com.
NEW FILING: TKO and Endeavor are buying shares from Vince McMahon.
In two agreements, Endeavor is buying 1,642,970 shares for $142.6M and TKO is buying an additional 1,853,724 for about $150M, for a total of about $293M.
By my count, after the transactions close on Tuesday and… pic.twitter.com/ibVQDvni4H— Brandon Thurston (@BrandonThurston) April 8, 2024
