WWE and UFC to merge
Posted: 08 Apr 2023, 10:50
Vince McMahon's World Wrestling Entertainment has agreed to merge with UFC to form a new publicly traded company controlled by Endeavor Group, the companies announced Monday morning.
Endeavor will own a 51% stake in the new combat sports and entertainment company, while WWE shareholders will have the remaining 49%, according to the terms of the agreement. The deal values WWE at $9.3 billion and UFC, which is owned by Endeavor, at $12.1 billion, the companies said in a press release.
https://www.cnbc.com/2023/04/03/wwe-ufc ... eavor.html
https://twitter.com/WWE/status/16428802 ... e.52528%2F
Endeavor will own a 51% stake in the new combat sports and entertainment company, while WWE shareholders will have the remaining 49%, according to the terms of the agreement. The deal values WWE at $9.3 billion and UFC, which is owned by Endeavor, at $12.1 billion, the companies said in a press release.
https://www.cnbc.com/2023/04/03/wwe-ufc ... eavor.html
https://twitter.com/WWE/status/16428802 ... e.52528%2F