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Vince McMahon, the ex-WWE impresario who abruptly left parent TKO Group Holdings' board in the wake of a graphic sexual abuse lawsuit “is not coming back to the company,” TKO President Mark Shapiro affirmed Wednesday.
WWE founder Vince McMahon is selling 5.35 million shares of TKO stock worth $412 million Monday, according to a regulatory filing, the billionaire's second stock sell-off within four months that comes not long after he resigned from TKO's board amid sex trafficking allegations.
TKO Group Holdings (TKO) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of $0.50. This compares to earnings of $0.52 per share a year ago.
WWE is continuing to deal with fallout from sexual abuse allegations facing its former longtime chief Vince McMahon, with shares in parent TKO Group Holdings slipping as investors weigh the potential downside. Shares in TKO fell 4.4% Monday on nearly twice their normal trading volume, closing at $82.73.
When appointing Dwayne "The Rock" Johnson to the board of directors was the second-best thing that happened, you know it was a good week for TKO Group Holdings, Inc. NYSE: TKO.
Video-sharing platform Rumble Inc. NASDAQ: RUM shares surged over 60% in a week, driven by several catalysts. Perhaps more importantly, it's caught the attention of traders and investors.
WWE and Netflix have agreed to air the weekly live wrestling show "Raw" starting in 2025. The deal is reportedly worth $5 billion over 10 years.
Vince McMahon, founder of WWE wrestling and CEO of the TKO group, resigned Friday amid allegations that he sexually trafficked and abused a former employee, adding to previous accusations of sexual misconduct against the wrestling mogul.
Vince McMahon resigned from wrestling giant TKO Group and the subsidiary WWE that he founded, over a lawsuit accusing him of sexual assault and trafficking, which he said he will fight, the company said on Friday.
Vince McMahon resigned from the board of directors of WWE's parent company Friday evening. The resignation follows a lawsuit from a former WWE employee accusing the WWE executive of sexual misconduct.