WWE and UFC combining to create multi-billion dollar entertainment company

WWE and the company that runsThe firm will be worth a sensational $21.4billion will combine to create a $21.4 billion sports entertainment company.

Vince McMahon, executive chairman at WWE, will remain in his role at the new company, which will mark a merger between WWE and the company that runs UFC, Endeavor Group Holdings. In a statement, McMahon said: ‘Given the incredible work that Ari [Ariel Emanuel, CEO of Endeavor] and Endeavor have done to grow the UFC brand – nearly doubling its revenue over the past seven years – and the immense success we’ve already had in partnering with their team on a number of ventures, I believe that this is without a doubt the best outcome for our shareholders and other stakeholders.’

Emanuel added: ‘This is a rare opportunity to create a global live sports and entertainment pureplay built for where the industry is headed,. ‘For decades, Vince and his team have demonstrated an incredible track record of innovation and shareholder value creation, and we are confident that Endeavor can deliver significant additional value for shareholders by bringing UFC and WWE together.’

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

McGregor eyes WWE title win following reports of multi-billion-dollar UFC mergerUFC superstar Conor McGregor is excited about the prospect of competing in the WWE following reports about an imminent merger. According to CNBC sources, Vince McMahon’s professional wrestling prom… Sick of getting his leading leg kicked out and getting beat in UFC so trying his hand at Pantomime scripted fighting. Perfect for Conor, he can just pop off to WWE after his UFC days are done, perfect for the WWE too Brock Vs Conor McGregor
Source: talkSPORT - 🏆 91. / 53 Read more »