Merged:ByWWE and UFC are now under one roof as the ultimate sports and entertainment tag team.Group Holdings Inc. officially closed its announced deal with World Wrestling Entertainment Inc.
and began trading on the New York Stock Exchange on Tuesday,The new company is called TKO Group Holdings, or TKO. It is a nod to both professional wrestling’s World Wrestling Entertainment and Ultimate Fighting Championship, the mixed martial arts organization. TKO stands for technical knockout.
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WWE, UFC Combined Company Makes Market Debut, Targets Demand for SportsTKO plans to pursue future acquisitions of sports-focused companies, the president of the new company says.
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Endeavor Closes UFC, WWE Merger, Creating Powerhouse Firm TKO Group'We're ready to fire out of the gate,' says Mark Shapiro, Endeavor's president and COO, who will hold the same title at the combined company.
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