The WWE-UFC merger that became a new company called TKO Group Holdings has been challenged in court by a group of WWE shareholders in a new civil lawsuit filed in Delaware.
Former WWE stockholders are not happy that McMahon allegedly ignored bigger, better options for a WWE sale in favor of a deal with UFC parent company Endeavor.
In a gripping twist worthy of the wrestling ring, World Wrestling Entertainment Inc. shareholders have stepped into the legal arena, launching a lawsuit against founder Vincent McMahon and the upper echelons of the company. The bone of contention? Allegations of breached fiduciary duties linked to WWE's September fusion with a subsidiary of Endeavor Group Holdings