Update on Vince McMahon selling 8.4 million shares of his TKO stock

As previously noted, a press release was issued on Thursday in regards to Vince McMahon selling 8.4 million shares of his TKO stock. Early Friday morning, another press release was sent out by TKO…

NEW YORK–(BUSINESS WIRE)– TKO Group Holdings, Inc. (NYSE: TKO) (“TKO” or the “Company”), a premium sports and entertainment company, today announced the pricing of its previously announced underwritten public offering by one of its stockholders, Mr. Vincent K. McMahon (the “Selling Stockholder”), of 8,400,000 shares of the Company’s class A common stock, par value $0.00001 (“Class A Common Stock”), at a price to the public of $79.80 per share. Additionally, TKO has agreed to repurchase from the underwriter approximately $100.0 million of shares of Class A Common Stock being sold by the Selling Stockholder at a per-share purchase price equal to the price payable by the underwriter to the Selling Stockholder. The Selling Stockholder will receive all of the net proceeds from this offering. No shares are being sold by TKO. In connection with the offering, Ariel Emanuel, TKO’s Chief Executive Officer and director, Mark Shapiro, TKO’s President, Chief Operating Officer and director, and certain other of TKO’s directors purchased 12,531 shares, 12,531 shares and 10,650 shares, respectively, of TKO’s Class A Common Stock in the offering at the public offering price.