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WWE and its parent company, TKO, have said that they take Grant's allegations "very seriously." Staying in touchMcMahon has also talked to Trump, according to two of the people close to the wrestling impresario. The two billionaires have been in touch regularly, according to a person close to McMahon, although it isn't clear what they've discussed. Another person close to McMahon said that the two men don't discuss their legal problems and that Trump doesn't provide legal advice. Publicly, Johnson has thanked TKO and WWE executives regarding his addition to the TKO board earlier this year.

Persons: Vince McMahon, Donald Trump, Mark, McMahon, Janel Grant, he's, hasn't, Mark Shapiro, doesn't, McMahon hasn't, Paul, Levesque, Stephanie McMahon, wasn't, Jessica Rosenberg, Grant's, Jan, John Laurinaitis, Janel, couldn't, Ann Callis, Grant, Nicholas Biase, Linda McMahon, McMahon's, Bill Pugliano, Donald J, Trump, Dwayne, Johnson, John Cena, Cena, Howard Stern, I'm, William Morris, Cena didn't, Endeavor Group's, Ari Emanuel, Brendan Mcdermid Organizations: WWE, Austin Straubel, Getty, World Wrestling, NBC News, CNBC, Triple, Federal, U.S, Attorney's, Southern, of, Trump, WWE Hall of Fame, PAC, Trump Media, Technology Group, Street Journal, Trump Foundation, Hollywood, William, William Morris Endeavor, Endeavor Group, Endeavor, Endeavor Group's UFC, Longtime Hollywood, New York Stock Exchange Locations: Green Bay , Wisconsin, United States, Caicos, Italy, of New York, Connecticut, Manhattan, Atlantic City, Trump's, York, New York City, U.S

☆ The WWE knew Vince McMahon was a liability. So why did it bring him back after his scandalous departure?
▼ + stars: | 2024-01-29 | by ( Kyle Feldscher | David Goldman | ) edition.cnn.com time to read: +8 min

CNN —WWE’s parent company knew Vince McMahon — the founder of the wrestling behemoth — was a potential liability. That risk was realized Thursday when a former WWE employee accused McMahon of sexual assault and trafficking in a disturbing and graphic lawsuit. The company said McMahon has since repaid the company about $20 million for misappropriated corporate funds and for the legal fees TKO and WWE paid to investigate McMahon. Vince McMahon, Jr., was more akin to a king than a business executive in the world of WWE, his fingerprints on everything. “I have pledged my complete cooperation to the investigation by the special committee, and I will do everything possible to support the investigation,” McMahon said in a statement at the time.

Persons: Vince McMahon, —, McMahon, ”, Janel Grant, behemoth McMahon, “, Nick Khan, McMahon’s, Donald Trump’s, Donald J, ” McMahon, McMahon, — Vince McMahon, Vince McMahon’s, Stephanie, Jr, reinstalling, Stephanie McMahon —, Khan, What’s, Grant, CNN’s Sam Delouya, Elizabeth Wagmeister Organizations: CNN, WWE, Companies, US Securities and Exchange Commission, SEC, Wall Street, Trump Foundation, UFC, Endeavor, Securities and Exchange Commission

April 3 (Reuters) - World Wrestling Entertainment Inc (WWE.N) will combine with Endeavor Group-owned (EDR.N) mixed martial arts franchise UFC to form a new, publicly listed entertainment giant valued at about $21 billion, the companies said on Monday. Hollywood power broker and Endeavor CEO Ari Emanuel will take the helm at the merged entity. In January, WWE said it would explore strategic options that could include a sale, shortly after long-time CEO McMahon's return to the company. McMahon had retired in July last year as the company's CEO and chair, following an investigation into his alleged misconduct. Co-CEO Stephanie McMahon, who single-handedly managed the mantle when her father exited, resigned a week after he returned in January.

Shares of WWE fell in premarket trading, while Endeavor shares rose. Ari Emanuel will act as chief executive of both Endeavor and the new company, the companies said. McMahon, likewise, will be executive chairman, while Endeavor President and COO Mark Shapiro will also work in the same roles at the new company. Dana White will remain as president of UFC, and WWE CEO Nick Khan will stay on as president of the wrestling business. Stefanie Keenan | Getty Images Entertainment | Getty ImagesThe announcement confirmed an earlier CNBC report.

☆ WWE near deal to be sold to UFC parent Endeavor, sources say
▼ + stars: | 2023-04-02 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

Vince McMahon's World Wrestling Entertainment is in advanced talks to be sold to Ari Emanuel's Endeavor Group , the parent company of UFC, according to people familiar with the matter. McMahon, likewise, is expected to be executive chairman, while Endeavor President Mark Shapiro will also work in the same role at the new company. Dana White will remain as president of UFC, while WWE CEO Nick Khan will serve as president of the wrestling business. Paul Levesque, who's both Stephanie McMahon's husband and the wrestler known as Triple H, took over creative duties from Vince McMahon. When Vince McMahon came back in January, Stephanie McMahon stepped down and Khan fully assumed the CEO role.

Endeavor and WWE did not immediately respond to requests for comment on Sunday. The deal could be announced as early as this week, the sources said. Endeavor shareholders will own 51% of the combined company, while WWE shareholders would get 49%, the sources said. Endeavor is led by Hollywood power broker Ari Emanuel, who earlier this month declined to answer questions about a possible deal. In January, WWE said it would explore strategic options that could include a sale, shortly after Vince McMahon's return to the company.

☆ Vince McMahon locks in two-year contract as WWE looks for buyers
▼ + stars: | 2023-03-31 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +1 min

World Wrestling Entertainment Inc. Chairman Vince McMahon is introduced during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 in Las Vegas, Nevada. Vince McMahon has pinned down a two-year employment contract at World Wrestling Entertainment . The WWE chairman's agreement dates back to Jan. 9, when he returned to the company, according to a securities filing. McMahon returned to WWE's board in January help with the sale negotiations. At the time, his daughter, Stephanie McMahon, had taken over as co-CEO of WWE, a family business for the McMahons.

☆ Vince McMahon reportedly wants at least $9 billion for potential sale of WWE
▼ + stars: | 2023-02-18 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

Ex-WWE CEO Vince McMahon reportedly wants at least $9 billion for the company, according to Bloomberg. He has been considering a sale since his return, and several bids reportedly have been submitted. Days after McMahon's return, WWE also announced that Stephanie McMahon was resigning as co-CEO, and Khan would serve as the lone CEO going forward. Last month, Khan said reports that a sale to the Saudi Arabian fund was complete in principle "totally false." McMahon's desired $9 billion is a high ask considering the company reported $1.29 billion in sales last year, and the $9 billion price tag is about 23 times the company's operating income, according to Bloomberg.

☆ Wolfe Research says WWE shares could rally 30% following Vince McMahon's return
▼ + stars: | 2023-01-31 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Wolfe Research reiterated WWE as outperform, noting that the return of Vince McMahon could jolt the company's TV rights renewal process. Earlier, Wolfe Research published a note downgrading WWE shares in error. Stephanie McMahon resigned earlier this month from her role as co-CEO and chairwoman following the unanimous election of her father, Vince, as company's executive chairman. "We think there's more game theory to Vince's return than what meets the eye," Supino said in the correct note to clients. Supino said Vince's return could give a "shot in the arm" to the 2025 TV rights renewal process and his willingness to sell could drive up prices for the rights.

☆ Wolfe Research downgrades WWE, says resistance to Vince Mahon's return could mean trouble ahead
▼ + stars: | 2023-01-31 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Investors hoping the recent leadership shakeup at WWE would be a knock-out may instead find themselves getting body slammed, Wolfe Research warned. "Stephanie McMahon's resignation and the Board's formal resistance to Vince's return indicate serious stress," Supino said in a Monday note to clients. Before coming into the co-CEO role, Stephanie left her position as chief brand officer to focus on family. There's also risk associated with Vince's return, he said, pointing to the potential for a ratings collapse due to fans disapproving of him. Supino said Vince's return could also aid competitors AEW and UFC as the companies try to poach talent.

☆ How WWE’s Vince McMahon ruthlessly got his job back despite allegations of sexual assault and misuse of company funds
▼ + stars: | 2023-01-14 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +12 min

WWE has always been a family business – Vince McMahon, Sr., handed over the reins to his son in the 1980s – and it seemed set to continue that way. Why was Vince McMahon stepping aside such a big deal? Vince McMahon was more akin to a king than a business executive in the world of WWE, his fingerprints on everything. Once considered a wrestling genius, critics have more recently come to consider Vince McMahon a creative liability. McMahon,” Vince McMahon’s devious on-screen character, who served as wrestling’s greatest heel for years in the late 1990s and early 2000s.

☆ WWE retains restructuring specialist Kirkland & Ellis as adviser for strategic review
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: +1 min

Jan 12 (Reuters) - World Wrestling Entertainment (WWE.N) said on Thursday it has retained bankruptcy and restructuring powerhouse Kirkland & Ellis LLP as its legal adviser related to its review of strategic alternatives for the company. It has also retained The Raine Group LLC as financial advisor and August LLC as strategic communications adviser. Vince McMahon returned to WWE earlier this month and made some changes to the company's board. At the time, WWE announced that it was launching a review to explore "strategic alternatives" for the company. Later, WWE said that it found some unrecorded expenses tied to Vince McMahon.

☆ WWE Board Elects Vince McMahon Executive Chairman
▼ + stars: | 2023-01-11 | by ( Patrick Chu | ) www.wsj.com time to read: 1 min

Vince McMahon had previously retired as WWE chief executive and chairman amid a board investigation of sexual misconduct claims against him. World Wrestling Entertainment Inc. said Tuesday night its board of directors unanimously voted to elect majority owner Vince McMahon as executive chairman of the board, less than a week after the former chief executive returned to the company and ousted three directors, while two other board members resigned. Mr. McMahon’s daughter, Stephanie McMahon, has resigned as chairwoman and co-chief executive officer, the company said in a statement. Nick Khan will serve as the sole chief executive.

Stephanie McMahon has resigned as WWE co-chief executive officer and chairwoman after her father, Vince, was unanimously re-elected as the company’s executive chairman. Stephanie McMahon returned from a leave of absence in July to take over as co-CEO after Vince McMahon retired amid allegations of sexual misconduct. She informed staff Tuesday that she is again stepping down as Vince McMahon returns to facilitate a potential sale of the company. From left, Vince McMahon, Stephanie McMahon and Triple H attend the UFC 276 event at T-Mobile Arena in Las Vegas, on July 2, 2022. “I’d like to express my full support for Stephanie’s personal decision,” Vince McMahon said in a statement Tuesday.

☆ Vince McMahon's daughter, Stephanie McMahon, resigned as WWE co-CEO after father's return to the company
▼ + stars: | 2023-01-11 | by ( Travis Clark | ) www.businessinsider.com time to read: +2 min

WWE announced on Tuesday that Stephanie McMahon had resigned from her role as co-CEO. Her father, Vince McMahon, returned to the board last week, less than six months after retiring. Vince McMahon stepped away last year amid sexual misconduct allegations against him. WWE announced on Tuesday that Stephanie McMahon, Vince's daughter, resigned from her role as co-CEO and chairwoman. Last year, the board began investigating millions of dollars McMahon had paid several women who had made misconduct allegations against him.

☆ WWE co-CEO Stephanie McMahon resigns, Vince returns as executive chairman
▼ + stars: | 2023-01-11 | by ( ) www.reuters.com time to read: +1 min

Jan 10 (Reuters) - World Wrestling Entertainment (WWE.N) elected former chief Vince McMahon as the executive chairman of the board on Tuesday, the company said, adding that co-chief executive officer and chairwoman Stephanie McMahon resigned from her role. Nick Khan will serve as the new WWE CEO, the entertainment firm added. Vince McMahon, 77, returned to the board last week and elected himself and two former co-presidents and directors Michelle Wilson and George Barrios to the board. loadingVince McMahon, who ran the company for four decades, said last week that the only way for WWE to fully capitalize on growing demand for content and live entertainment was for him to return as executive chairman. McMahon retired in July last year, as the company's CEO and chairman, following an investigation into his alleged misconduct.

☆ Stephanie McMahon steps down as WWE co-CEO as her dad, Vince, returns as executive chairman
▼ + stars: | 2023-01-10 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

LAS VEGAS, NEVADA - JULY 02: Vince McMahon, Stephanie McMahon and Triple H attend the UFC 276 event at T-Mobile Arena on July 02, 2022 in Las Vegas, Nevada. Stephanie McMahon has resigned as WWE co-chief executive officer and chairwoman after her father, Vince, was unanimously re-elected as the company's executive chairman. Stephanie McMahon returned from a leave of absence in July to take over as co-CEO after Vince retired amid allegations of sexual misconduct. She informed staff Tuesday that she is again stepping down as Vince McMahon returns to facilitate a potential sale of the company. "I'd like to express my full support for Stephanie's personal decision," Vince McMahon said in a statement Tuesday.

☆ 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.

☆ WWE shares jump 10% as former CEO Vince McMahon announces surprise comeback
▼ + stars: | 2023-01-06 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Former WWE boss Vince McMahon said he would return as executive chairman Thursday. McMahon announced a review into upcoming media rights negotiations and could reportedly be preparing to sell the company. McMahon retired last year over a sexual misconduct scandal. McMahon said he would lead those negotiations as WWE's executive chairman and would launch a strategic review into other possible broadcast partners. He retired as WWE chief executive and chairman last year amid an ongoing internal board investigation into sexual misconduct claims against him.

☆ Stocks making the biggest moves premarket: World Wrestling Entertainment, Bed Bath & Beyond, Tesla, Costco and more
▼ + stars: | 2023-01-06 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

World Wrestling Entertainment — Shares advanced 9.7% after Vince McMahon elected himself executive chairman of the company despite retiring last year due to a sexual misconduct scandal. Shares dropped 14% premarket, after posting a 42% loss Thursday. Meanwhile, Ulta lost 1.8% after getting downgraded to under weight from equal weight. Bath & Body Works shed 1.7% after the firm moved it to equal weight from overweight. Discover Financial , Synchrony Financial — The consumer finance stocks were under pressure after being downgraded by Barclays to equal weight from overweight.

☆ WWE shares jump as Vince McMahon stages comeback
▼ + stars: | 2023-01-05 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Vince McMahon is staging a comeback at World Wrestling Entertainment , months after he retired from the company over a sexual misconduct scandal. McMahon said that his return is necessary as the company gears up for negotiations over media rights and strategic alternatives. WWE, which styles itself as a media company, has been mentioned as a potential acquisition target. McMahon retired last year amid an investigation into payments the former CEO made regarding alleged instances of sexual misconduct. A special committee probe found that McMahon had paid nearly $15 million to four women over the course of 16 years in order to silence sexual misconduct allegations.

☆ WWE confirms former chief Vince McMahon's return to board
▼ + stars: | 2023-01-05 | by ( ) www.reuters.com time to read: +1 min

Jan 6 (Reuters) - Vince McMahon, the former chief of World Wrestling Entertainment (WWE.N), is returning to the board of the company that he transformed from a regional player in a highly fragmented industry of the 1980s to a global giant, WWE said on Friday. Shares of the entertainment firm rose about 16%, as WWE also said that it would explore strategic alternatives confirming an earlier statement by McMahon. McMahon, 77, said on Thursday that he expects to assume the role of executive chairman at WWE, to involve himself in the company's media rights negotiation process. The company did not state what position Vince McMahon would hold at the board. McMahon retired in July last year as the company's CEO and chairman, following an investigation into his alleged misconduct.

☆ 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.

☆ Former WWE CEO Vince McMahon reportedly wants to make a comeback at the company, as he faces a new abuse allegation
▼ + stars: | 2022-12-13 | by ( Travis Clark | ) www.businessinsider.com time to read: +3 min

Former WWE CEO Vince McMahon wants to make a comeback, The Wall Street Journal reported. McMahon retired from the company in July amid a board investigation into misconduct allegations. WSJ reported a new accusation from a former spa manager, who claimed McMahon assaulted her. WWE did not immediately respond to a request for comment from Insider on McMahon's reported desire to make a comeback and the newly reported allegation from the spa manager. McMahon retired from WWE in July amid an investigation by the company's board into alleged payments made to other women who had accused McMahon of misconduct.

☆ WWE ends investigation into alleged misconduct by Vince McMahon
▼ + stars: | 2022-11-02 | by ( Mike Calia | ) www.cnbc.com time to read: +1 min

World Wrestling Entertainment said Wednesday that a special committee investigating alleged misconduct and secret payments by former CEO Vince McMahon had disbanded. "The Special Committee investigation is now complete and the Special Committee has been disbanded," the company said in a securities filing. "Management is working with the Board of Directors to implement the recommendations of the Special Committee related to the investigation." McMahon is still the biggest shareholder in WWE, and his daughter, Stephanie McMahon, is co-CEO. Almost $15 million were paid to settle sexual misconduct allegations from four women against McMahon over the past 16 years.

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