Vince McMahon intends to sell 8.4 million shares of Class A common stock in TKO Group Holdings. Currently worth about $713 million at TKO’s most recent closing share price.
McMahon “will receive all of the net proceeds from this offering,” TKO said in a filing Thursday with the SEC. The stock sale represents about 30% of the 28 million shares McMahon owned in TKO as of August, per a regulatory filing.
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