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Vince McMahon - 1 McMahon - 1 McMahon hadn’t - 1 ” McMahon - 1
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Search resuls for: "McMahon hadn’t"


6 mentions found


☆ Vince McMahon subpoenaed in sexual misconduct investigation
  + stars: | 2023-08-03 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +1 min
New York CNN —Federal law enforcement agents executed a search warrant and subpoenaed World Wrestling Entertainment executive chairman Vince McMahon last month as part of an investigation into claims of sexual misconduct, the company announced this week. Following his departure, the WWE disclosed multiple expenses that McMahon hadn’t reported, totaling $19.6 million. Many of the payments are related to the company’s investigation of his alleged sexual misconduct, and the company’s board last year formed a special committee to investigate. The Wall Street Journal in July 2022 reported McMahon paid tens of millions of dollars to four women to cover up “allegations of sexual misconduct and infidelity.” McMahon has denied the allegations. So far, he has repaid the WWE $17.4 million, the company reported Wednesday.
Persons: Vince McMahon, McMahon, McMahon hadn’t, ” McMahon Organizations: New, New York CNN, Wrestling Entertainment, WWE, Street, Endeavor Group, UFC Locations: New York
☆ WWE sells itself to UFC
  + stars: | 2023-04-03 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +2 min
The deal values the newly combined company at over $21 billion: UFC is worth $12.1 billion and WWE is valued at $9.3 billion. Endeavor shareholders will own 51% of the newly combined company, while WWE shareholders are getting 49%. Endeavor, which also owns Hollywood’s biggest talent agency William Morris Endeavor, became the outright owner of the UFC in 2021. Following his departure, WWE disclosed multiple expenses that Vince McMahon hadn’t previously reported, totaling $19.6 million. The WWE made more than $1.29 billion in revenue in 2022 and its shares up more than 30% for the year.
☆ WWE is combining with Endeavor Group's UFC to form a new company
  + stars: | 2023-04-03 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +4 min
New York CNN —World Wrestling Entertainment is merging with Endeavor Group, the parent company of competitor UFC, to form a new publicly traded company. The deal values the newly combined company at over $21 billion: UFC is worth $12.1 billion and WWE is valued at $9.3 billion. Endeavor shareholders will own 51% of the newly combined company, while WWE shareholders are getting 49%. Vince McMahon will retain his current WWE title of executive chairman at the new company, which doesn’t yet have name. Endeavor, which also owns Hollywood’s biggest talent agency William Morris Endeavor, became the outright owner of the UFC in 2021.
☆ Wall Street Journal: WWE's Vince McMahon settles with another ex-employee
  + stars: | 2023-01-19 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +3 min
The Journal reported Thursday that McMahon completed a settlement last month with Rita Chatterton, its first female referee, who accused him of raping her in 1986. And he settled the case solely to avoid the cost of litigation,” said Jerry McDevitt, a lawyer for McMahon, told the Journal. In addition, Chatteron’s lawyer didn’t respond to CNN’s request for comment and the lawyer declined to comment to the Journal. McMahon has previously paid more than $12 million to four women to cover up “allegations of sexual misconduct and infidelity,” according to a July 2022 Wall Street Journal report. WWE (WWE) shares were up slightly Thursday.
☆ Stephanie McMahon resigns as WWE’s chairwoman and co-CEO
  + stars: | 2023-01-10 | by ( Rob Mclean | ) edition.cnn.com   time to read: +2 min
New York CNN —Four days after her disgraced father returned to WWE’s board, the wrestling company’s co-CEO and chairwoman Stephanie McMahon resigned from the company. The move comes as WWE’s board of directors elected her father, Vince McMahon, as executive chairman of the board. “I’ll forever be grateful that she offered to step in during my absence and I’m truly proud of the job she did co-leading WWE.”WWE said Nick Khan, who was co-CEO with Stephanie McMahon, will serve as CEO. Vince McMahon retired as CEO in July 2022, but remains the company’s majority shareholder. Following his departure, WWE disclosed multiple expenses that Vince McMahon hadn’t previously reported, totaling $19.6 million.
☆ Wall Street Journal: Vince McMahon plots return to WWE
  + stars: | 2023-01-05 | by ( David Goldman | ) edition.cnn.com   time to read: +2 min
New York CNN —Vince McMahon, the former World Wrestling Entertainment chief executive, who retired from the company last year following a hush money and sexual harassment scandal, is plotting a return to the WWE, the Wall Street Journal reported Thursday. The WWE has disclosed multiple expenses that McMahon hadn’t disclosed, totaling $19.6 million, which forced the company to revise its financial statements for 2019, 2020 and 2021. The Journal in July reported McMahon paid more than $12 million to four women, including the one from the prior report, to cover up “allegations of sexual misconduct and infidelity.”Now, the 77-year old McMahon is attempting a comeback. McMahon’s daughter, Stephanie McMahon took over as board chair and co-CEO after Vince McMahon’s retirement in July. WWE and Vince McMahon did not immediately respond to a request for comment.
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