Vince McMahon Sells $250M in TKO Stock

Former WWE Chairman Vince McMahon sold approximately $250 million of TKO Group Holdings stock to Endeavor Group Holdings (now WME Group), reducing his ownership to about 3% and eliminating his voting rights. The sale was completed at $158.32 per share for 1.579 million shares, bringing McMahon's total TKO stock sales since the 2023 WWE-UFC merger to over $2 billion. Endeavor now holds 61.7% of TKO's outstanding shares, strengthening its control over the company. McMahon's divestment occurs amid ongoing legal issues, including a civil lawsuit from former WWE employee Janel Grant alleging sexual assault and sex trafficking, which McMahon denies. John Laurinaitis, a co-defendant, has settled with Grant and agreed to cooperate, but McMahon's legal team claims this does not affect the main case. The move further distances McMahon from WWE and TKO, both financially and publicly.