$100M To Flow To Shareholders After WWE-UFC Merger Scandal
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4 Articles
$100M To Flow To Shareholders After WWE-UFC Merger Scandal
Court papers have finally landed in the long-running WWE-UFC merger lawsuit. According to court details shared by Brandon Thurston of POST Wrestling, the settlement calls for $147.5 million to come from five people: Vince McMahon, Nick Khan, Paul Levesque, George Barrios, and Michelle Wilson. TKO had already hinted at this in its second-quarter financial report, where it said WWE’s share of the total payout was $105 million. So the new filing he…
Court Filing Reveals Details Of $147.5 Million WWE-UFC Merger Settlement
Court documents have officially been submitted in the lawsuit stemming from WWE’s 2023 merger with UFC under TKO Group Holdings. Brandon Thurston of POST Wrestling reports that the settlement stipulation confirms the defendants are required to pay a total of $147.5 million. The defendants in the case are Vince McMahon, Nick Khan, Paul Levesque, George Barrios and Michelle Wilson. TKO previously disclosed in its second-quarter financial report th…
WWE merger lawsuit settlement finally submitted to court, Plaintiffs' attorneys seek up to 33% of $147.5 million deal - POST Wrestling | Podcasts, News, Reviews | WWE AEW NXT NJPW
The settlement still needs approval from the presiding judge, but the filing itself, which appeared on the docket Wednesday, discloses new details of the deal The post WWE merger lawsuit settlement finally submitted to court, Plaintiffs’ attorneys seek up to 33% of $147.5 million deal appeared first on POST Wrestling | Podcasts, News, Reviews | WWE AEW NXT NJPW.
One day after the dispute that had stalled the WWE-UFC merger agreement was resolved, the document finally arrived at the court. The document appeared in the case file this Wednesday and contains previously unknown details, including the amount the lawyers will receive. The figure they are requesting amounts to a third of the total, approximately $48.7 million.
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