Vince McMahon, the longtime former CEO ofWWE, is selling nearly one-third of his stake inTKO Group Holdings.
No shares are being sold by TKO as part of the transaction, a press release noted.
The purchases by TKO and its management are separate from the activities of Endeavor.
Michelle Farsi/Zuffa LLC
Not long after the IPO, Endeavor revealed it was assessing its strategic options.
The parent of WME and IMG went public in 2021.
Endeavor spun out its most lucrative assets into TKO in the hope that would boost the formers stock price.
Jill Goldsmith contributed to this report.
