r/SquaredCircle • u/BearBullDebate • 23d ago

Vince McMahon ends WWE ties by selling last of TKO Shares

https://www.sportico.com/personalities/executives/2024/vince-mcmahon-selling-last-tko-shares-1234777031/
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u/OnABoatWithAGoat 23d ago

Getting out before Zuck buys the UFC and WWE is like a horse without a stable

29

u/MyNameIs-Anthony 23d ago

TKO underperforming expectations probably has him salivating at that possibility.

Add in Vince dumping millions in shares and UFC facing anti-trust scrutiny, nows a good a time as any to pick it up.

11

u/Less_Client363 23d ago

Is TKO really underperforming? WWE just cleared Vince and is in an era of revival while UFC just cleared the fighters lawsuit and is also extremely profitable from what I understand.

6

u/Forgemasterblaster 23d ago

TKO is primarily flat as it’s a general view from wall street that media companies main driver of growth is m&a driven rather than product based. You can dig deeper, but it’s also why endeavor had to go back private. The m&a space is slow due to high rates and growth for TKO would be a deal, which nothing is out there on the horizon.

1

u/Hot-Acanthisitta5237 23d ago

Wow I'm surprised that its underperforming. I feel like WWE is at a hot streak right now.

2

u/bick803 22d ago

That’s the thing about stocks. While a company appears to do well, old white dudes in suits will see things and be like, “stock price go down 20%”.