WWE Merger Lawsuit Totals $147.5 Million, Dispute Between Vince McMahon & His Co-Defendants

An update on the merger lawsuit.

It was determined that former WWE Chairman Vince McMahon and his insurers had agreed to pay $42.5 million to resolve the merger lawsuit that involves WWE, UFC, and shareholders. WWE would also be paying $105 million by itself.

The shareholders disclosed the full $147.5 million figure in a court filing on Friday (via Bloomberg Law). They claimed that WWE and UFC parent company TKO Group Holdings made partial disclosures in a securities filing that would not disclose the full settlement to the press.

The shareholders shared a letter with the court, and it was stated that WWE dragging things out is creating more problems. That was in reference to a filing on August 6th that cited a dispute between McMahon and his co-defendants over the details of their legal contract, where one party promised to pay for the financial losses, damages, or legal costs of another party.

The lawsuit alleges that the merger’s architects geared the deal in favor of McMahon and others such as current TKO President Ari Emanuel.

Although Emanuel is not named as a defendant, both he and Vince were expected to testify at a trial in June, but there was a last-minute settlement that prevented that.

Vice Chancellor J. Travis Laster is presiding over the legal matters.