Why WWE chief Vince McMahon is selling $700 million in share
Vince McMahon is selling nearly one-third of his stake in TKO Group Holdings.
TKO is the parent company of WWE following the merger with the UFC earlier this year.
He became executive chairman and WWE legend Triple H became WWE's head of creative.
The longtime former CEO of WWE was listed as owning 28 million shares in TKO.
The move could signify that McMahon might be preparing to exit the fighting business.
After the merger, the 78-year-old stepped back from creative control over the WWE in October 2023.
He also went on medical leave in July 2023 after he had spinal surgery.
Vince McMahon has a net worth of around $3.1 billion in 2023.
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