Endeavor: WWE-UFC Merger ‘Crystalizes’ Value of Entertainment Franchises, Combo to Yield up to $100 Million Cost Savings

  • 📰 Variety
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Endeavor is bringing together two of the world’s biggest combat-sports franchises — UFC and WWE — in a blockbuster merger announced Monday. It’s a deal in which “one p…

, who will serve in the same role for the merged UFC-WWE. The pact, valuing the combined company at roughly $21.4 billion, is anticipated to close in the second half of 2023.

In addition, the deal to combine UFC with WWE will be debt-free, Shapiro noted. Following the close of the UFC-WWE deal, Endeavor will have a debt-to-equity ratio of 2.8X while “NewCo” will be 2.5X levered. The deal “crystalizes value on both sides,” meaning the UFC-WWE merged entity and the Endeavor business ex-UFC, said Shapiro.

Endeavor’s WME has repped Vince McMahon and WWE for two decades, and that execs at the companies have spit-balled a theoretical combination of UFC and WWE for years. Previously, Shapiro said, “it was just casual conversation” — but onceUFC for $4.1 billion “We built UFC using the Endeavor flywheel across a myriad business verticals,” including sponsorships, media rights licensing, and “event operations expertise,” said Shapiro. “That same recipe will be applied to WWE.”

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 108. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

WWE Confirms Merger With UFC Parent EndeavorWWE and UFC parent Endeavor Group Holdings made things official in an SEC filing Monday morning, confirming their blockbuster merger into a combat sports colossus. Word surfaced on Sunday of the co… ajdoon6 ?
Fonte: DEADLINE - 🏆 109. / 63 Consulte Mais informação »

WWE close to being sold to UFC parent company EndeavorAs WWE puts on WrestleMania, its biggest show of the year, the company is on the verge of being sold.
Fonte: nypost - 🏆 91. / 67 Consulte Mais informação »