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McMahon Offloads $250 Million in TKO Shares as Endeavor’s Stake Climbs to 61.7%

The transaction pushes his total divestment past $2 billion following his 2024 board resignation over sexual assault allegations together with sex trafficking claims.

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Overview

  • McMahon sold 1.579 million Class A shares to Endeavor at $158.32 per share for $250 million, closing June 4, according to an SEC filing.
  • Endeavor’s ownership of TKO now stands at 61.7% of outstanding stock after the purchase.
  • This latest sale brings McMahon’s cumulative divestment in TKO beyond $2 billion since the September 2023 merger of WWE and UFC.
  • McMahon stepped down from TKO’s board in January 2024 following sexual assault and sex trafficking allegations, which he denies.
  • A co-defendant in the trafficking lawsuit recently settled confidentially with the plaintiff and could testify against McMahon.