[ More of former TKO Group Executive Chairman Vince McMahon‘s large stake in the company is changing hands, with Endeavor and TKO agreeing to buy a combined $311.2 million of his stock. In an SEC filing, Endeavor Group said it would buy shares worth about $146.2 million. TKO Group Holdings, which Endeavor controls, will buy … Read more
[ Endeavor grew revenue 25% last quarter to $1.58 billion, beating forecasts, and shrunk losses to $29 million from $226 million as CEO Ari Emanuel reminded Wall Street that it’s still looking at strategic options – four months after the company said it was evaluating its businesses, and its largest shareholder Silver Lake floated the … Read more
[ TKO Group Holdings exec Mark Shapiro said the company is “on the sideline” waiting to see if former Executive Chairman Vince McMahon will sell any more of his massive stock holding in the company. Shapiro, who is president and COO of TKO and holds the same title at its majority owner, Endeavor Group Holdings, … Read more
[ Federal authorities are in contact with women regarding recent sexual assault and sex trafficking allegations against Vince McMahon. This latest news, first reported by the WSJ today, comes after a shocking lawsuit by a former employee last week saw the longtime impresario resign as executive chairman of WWE parent TKO Group and step down … Read more
[ WWE is continuing to deal with fallout from sexual abuse allegations facing its former longtime chief Vince McMahon, with shares in parent TKO Group Holdings slipping as investors weigh the potential downside. Shares in TKO fell 4.4% Monday on nearly twice their normal trading volume, closing at $82.73. The stock is well below the … Read more
[ EXCLUSIVE: Slammed by allegations of rape, defecation, sex trafficking and more, Vince McMahon is out at WWE and UFC parent company TKO Group Holdings. “I stand by my prior statement that Ms. Grant’s lawsuit is replete with lies, obscene made-up instances that never occurred, and is a vindictive distortion of the truth,” McMahon said … Read more
[ Longtime WWE sponsor Slim Jim is pausing its promotional activities with the wrestling outfit in light of what it called “disturbing allegations” against its longtime leader, Vince McMahon. Shortly after the sponsorship news was emerging late in the day Friday, McMahon resigned as executive chairman of Endeavor-run TKO Group Holdings. TKO was formed when … Read more
[ Editor’s note: This post contain extremely sexually explicit details from the lawsuit against WWE founder Vince McMahon. UPDATE, 1:51 PM: Following a harrowing sexual assault and sex trafficking lawsuit filed today against wrestling mogul Vince McMahon and World Wrestling Entertainment by a former staff, curernt WWE owners TKO Group Holdings have just now broke … Read more
