UFC parent and WWE merging, creating $21.4B sports entertainment company

Business News News

UFC parent and WWE merging, creating $21.4B sports entertainment company
Business Business Latest News,Business Business Headlines

WWE and the company that runs Ultimate Fighting Championship will combine to create a $21.4 billion sports entertainment company, the two companies announced Monday.

  • 📰 CBSNews
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 68%

A new publicly traded company will be formed that houses the UFC and WWE brands. Endeavor Group Holdings Inc. will hold a 51% controlling interest in the new company once the deal is complete. Existing WWE shareholders will hold a 49% stake in the new company.

Rumors swirled about who might be interested in buying WWE, with chatter focusing on companies such as Endeavor, Disney, Fox, Comcast, Amazon and Saudi Arabia's Public Investment Fund. The company is also a social media powerhouse. It surpassed 16 billion social video views in the final quarter of last year. It has nearly 94 million YouTube subscribers and more than 20 million followers on TikTok. Its female wrestlers comprise five out of the top 15 most followed female athletes in the world, across Facebook, Twitter & Instagram, led by Ronda Rousey with 36.1 million followers.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CBSNews /  🏆 87. in BUSİNESS
 

As a Democrat, I am going to look into suing your network for allowing this piece of trash to slander me.

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.

WWE acquired by UFC's parent organization to form new $21 billion companyWWE acquired by UFC's parent organization to form new $21 billion companyEndeavor Group Holdings on Monday announced a deal to merge WWE and UFC to form a $21 billion separately listed company hours after WrestleMania 39. Right after Wrestlemania
Read more »

WWE close to being sold to UFC parent company EndeavorWWE 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.
Read more »



Render Time: 2025-01-16 11:26:25