More of former TKO Group Executive Chairman Vince McMahon‘s large stake in the company is changing hands, with Endeavor and TKO agreeing to buy a combined $311.2 million of his stock. In an SEC filing, Endeavor Group said it would buy shares worth about $146.2 million. TKO Group Holdings, which Endeavor controls, will buy another … Read more
Silver Lake’s plan to take Endeavor private includes an investment of $250 million of seed equity “into a new business to be founded, managed and controlled” by executive chairman Patrick Whitesell. The business will include “investing in and providing services to companies in the entertainment, media and sports industries; developing, producing, financing and exploiting film, … Read more
Endeavor grew revenue 25% last quarter to $1.58 billion, beating forecasts, and shrunk losses to $29 million from $226 million as CEO Ari Emanuel reminded Wall Street that it’s still looking at strategic options – four months after the company said it was evaluating its businesses, and its largest shareholder Silver Lake floated the idea … Read more
Wrestling icon Vince McMahon resigned Friday from WWE’s parent company the day after a former employee filed a federal lawsuit accusing him and another former executive of serious sexual misconduct, including offering her to a star wrestler for sex. McMahon stepped down from the board of directors at WWE’s parent company, TKO Group, according to … Read more
:quality(85):upscale()/2024/05/02/985/n/49351757/7c374b3e663416366d5988.91812473_.jpg)
