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CodeBot Engaged...WOAAHH!
Posts: 9,817
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Laugh at dumb Vince McMahon
So, much like when he sold WWE stock to fund the XFL, Vince again is selling a big chuck of stock for a pretty big loss.
With the merger, Vince essentially had a 1 for 1 exchange of stock. Vince had 28.7 million shares of WWE, and reports show Vince has more than 28 million shares of TKO. Vince is selling 8 million shares of TKO stock for roughly $680 Million. Had he not merged, and just cashed his shares of WWE outright, or even the same 8 million shares, he would have banked $800 Million. This dude lost his power and control, in addition to $120 Million. Whatever Steph and Triple H did to cross Vince, he can't have thought this has ended up better than just leaving the company to Shane ![]() https://www.cnbc.com/2023/11/09/vinc...arent-tko.html |
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