The theme of Wrestlemania 40 was it was bringing in a new era for the company. The undertones of the message was that it was doing away with the old regime and bringing in a new one. With this, on Monday Vince McMahon sold more stock of TKO and Endeavor. Notably, on night 2 of […]
financial
Vince McMahon sells 25% of stock holdings in TKO
In an SEC Filing on Monday, Vince McMahon sold 5,350,000 shares in his possession. The share value at the time of the sale was $411,950,000. The form 144 is a notice required by the SEC prior to the sale. TKO stock was selling around $81 per share as of Monday night. According to Forbes, McMahon […]
Concerned over antitrust lawsuits, TKO Group stock gets ‘market perform’ rating
Since opening on Wall Street TKO Group Holdings, Inc. has been ascending based on the profits of the UFC and WWE. However, an investment bank, TD Cowen, has given the stock a “market perform” recommendation. Market perform is a neutral assessment that does not imply a strong recommendation to buy or sell. This is in […]
McMahon selling $700M of TKO stock
According to a regulatory filing with the SEC, Vince McMahon is selling 8.4 million shares in TKO. The news comes two days after the company announced earnings for the first time since the WWE and UFC merger. The value of the stock is estimated at $700M per The Hollywood Reporter and is just 25% of […]
Silver Lake looking to take Endeavor private
The private equity firm with 71% of the voting power of Endeavor is exploring options to take the company private including purchasing the company per Sportico. However, it is not looking to sell TKO Holdings, the new property which includes the WWE and UFC. Endeavor, which is valued at $8.4 billion, indicates that it believes […]
