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.