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Stock impact report

Tony Khan Tried To Buy WWE In 2023 — Report [Yahoo! Finance]

Liberty Live Holdings, Inc. - Series A Liberty Live Group (LLYVA) 
Company Research Source: Yahoo! Finance
Brandon Thurston of Wrestlemomics posted an exclusive story on POST Wrestling , revealing that newly unredacted court documents confirmed that AEW owner Tony Khan placed a bid to buy WWE in 2023. The revelation came from a shareholder lawsuit in Delaware challenging the promotion's eventual sale to Endeavor, which led to the formation of TKO Group Holdings. The plaintiff shareholders allege that former WWE Chairman Vince McMahon bypassed the other bidders in favor of Endeavor because its lead executive, Ari Emanuel, assured McMahon's future with the company. According to the documents, Base 10, a company backed by Tony Khan, placed a $6.9 billion bid to buy WWE in 2023. They also revealed the other suitors who had also placed their bids to buy the promotion. In addition to Khan's company and Endeavor, Formula One parent company Liberty Media, and the private equity firm KKR were the other bidders. Although the documents don't mention Tony Khan by name, they indicate his and AEW's Show less Read more
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