Vince McMahon has sold approximately 1.579 million shares of TKO Group Holdings Class A common stock to Endeavor Group Holdings, currently known as WME Group. The private transaction, valued at $250 million, closed on Wednesday with a sale price of $158.32 per share.
This transaction occurred amid a sex trafficking lawsuit filed against McMahon by former WWE employee Janel Grant, who accused him of sexual assault and sex trafficking. Representatives for TKO Group and WME Group have declined to comment on the transaction beyond what was disclosed in the SEC filing. McMahon also has not issued a public statement regarding the stock sale.
This latest divestment brings McMahon’s total TKO stock sales to over $2 billion. His public and financial ties to WWE and TKO have steadily diminished since early 2024. McMahon stepped down from the TKO board of directors in January.
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The TKO Group was established in 2023 through the merger of WWE and UFC. Endeavor now controls 61.7% of TKO’s outstanding shares following this acquisition. As of April 15, McMahon still held approximately 8 million shares of TKO stock, representing a 9.8% economic stake and 4.1% of the company’s voting power, per TKO’s most recent annual report.
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