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The merger closed on September 12, 2023; [38] [33] with Vince McMahon personally owning approximately one-third of the Class A Common Stock of TKO Group Holdings, Inc. [39] The first television show produced under the TKO banner was the September 12 episode of WWE NXT. [40]
WWE's stock price additionally decreased following the announcement of the sale. [85] On May 16, it was reported that the new entity would operate under the name TKO Group Holdings. [86] The merger was finalized on September 12, 2023.
World Wrestling Entertainment (WWE) is an American professional wrestling promotion. It is owned and operated by TKO Group Holdings , a majority-owned subsidiary of Endeavor Group Holdings. [ 10 ] A global integrated media and entertainment company, WWE has also branched out into fields outside of wrestling, including film , football , and ...
The price of TKO shares is pegged to WWE’s stock price, which has factored in the cutover to the new issue. Vince McMahon, former CEO of WWE, assumes the role of executive chairman of TKO Group ...
On April 7, McMahon entered into a stock sale agreement with TKO, which will purchase 1.85 million of his shares in TKO at a per-share price of $89.01 for an aggregate amount of $165 million, per ...
WWE is being valued at $9.3 billion, a more than 33% premium to the company's market cap on Friday, while UFC owner Endeavor is being valued at $12.1 billion. ... The combined company will trade ...
On April 29, 2021, Endeavor launched an initial public offering (IPO) and became a publicly traded company listed on New York Stock Exchange. [25] Endeavor subsequently used some of the proceeds from the IPO to buy out Zuffa's other shareholders at a value of $1.7 billion, making Zuffa a wholly-owned subsidiary of Endeavor.
Vince McMahon, the founder of WWE who resigned from the board of TKO Group earlier this year amid sexual assault allegations against him, filed to sell more than $400 million worth of TKO stock ...