Interesting New Investor Pops Up After Buying Tons of TKO Stock

WWE has a lot of money coming in, and their deal to merge with the UFC brought even more investors out of the woodwork. Now, we have news about a new investor that is quite interesting.

TKO Group Holdings is a publicly traded stock, as TKO. They can be bought and sold by anyone, including official entities. That brings a lot of possibilities on who can get a piece of WWE and UFC’s action.

The Wrestling Observer Newsletter noted that TKO Group Holdings saw the Alaska Department of Revenue buy up over $1 million in stock.

The state of Alaska Department of Revenue purchased about $1.15 million of TKO stock.

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This is a very interesting move, and it makes us wonder what Alaska’s play is in the situation. Only time will tell if the UFC or WWE announce a big event in Alaska soon enough, but that may be connected in some way if it happens.

We will keep our eye on WWE’s interesting moves, on and off television, right here at Ringside News. You never know what will break next, because 2023 was a very unpredictable year, leading to an even crazier 2024.

What’s your take on WWE’s plan for 2024? Why do you think Alaska is investing in WWE? Let us know what you think in the comments section!