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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 ...
WWE and Endeavor announced Monday that the two public companies would combine in a deal valuing both companies at more than $21 billion. WWE is being valued at $9.3 billion, a more than 33% ...
Vince McMahon continues to cash out his stock in TKO Group Holdings, the company formed by the merger of WWE and UFC that is majority-owned by Endeavor. McMahon, the founder of WWE, resigned from ...
Endeavor will hold a 51% stake in "TKO", with WWE's shareholders having a 49% stake, [6] marking the first time that WWE has not been controlled by the McMahon family. [80] Vince McMahon will serve as executive chairman of the new entity, Emanuel as CEO, and Mark Shapiro as president and chief operating officer.
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. [26]
World Wrestling Entertainment stock has been upgraded at Wells Fargo as the sports media giant continues its search for a buyer.
Since 2011, the company has branded itself solely with the initials WWE, though the legal name did not change at the time. [21] WWE's majority owner was its executive chairman, third-generation wrestling promoter Vince McMahon, who retained a 38.6% ownership of the company's outstanding stock and 81.1% of the voting power before the merger.
World Wrestling Entertainment (WWE) stock fell on Wednesday after briefly spiking amid a report that Saudi Arabia’s Public Investment Fund (PIF) fund was buying the company.