WWE Executives Receive Seven-Figure Bonuses Following Merger With UFC
Big money dished out in bonuses following the WWE-UFC merger
September 12 was a big day for WWE as the company's merger with UFC to create TKO Group Holdings was officially completed and the new organisation was floated on the New York Stock Exchange. Wall Street analysts have been positive about the new stock, with some forecasting TKO's stock price will rise to $114 in the next 12 months.
TKO stock opened at $102 on Tuesday and finished the day at $103.05.
The merger between UFC and WWE had been in the works since April when it was announced that WWE had been sold to Endeavor on the morning after WrestleMania 39. The sale came after a months-long process following Vince McMahon's unexpected return to WWE in January 2023, in which he forced his way back into the company with George Barrios and Michelle Wilson.
Following the completion of the merger, millions were dished out to top WWE executives as bonuses, with WWE President Nick Khan receiving $15 million. Kevin Dunn, meanwhile, received $7 million. WWE Chief Content Officer Triple H received $5 million, as did WWE Chief Financial Officer Frank Riddick III.
Khan, Triple H, and Kevin Dunn were all at the New York Stock Exchange on September 12 to ring the opening bell. Vince McMahon was also in attendance and could be seen trying to hype up the crowd by cupping his ear, channelling his inner Hulk Hogan.