WWE’s $21.4 billion merger with UFC is a win, says Jefferies: ‘It’s time!’

📆 4/3/2023 8:42 PM
📰 MarketWatch

⏱ Reading Time:
11 sec. here
2 min. at publisher
📊 Quality Score:
News: 8%
Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Endeavor said it had agreed to combine with World Wrestling Entertainment to form a new publicly listed company. The purchase price for WWE stock will be about $106 a share, a premium over its $91.26-a-share close on Friday.

The $21.4 billion merger of World Wrestling Entertainment Inc. and UFC owner Endeavor Group Holdings Inc. is a well-timed move, says analyst firm Jefferies.

Reports of the deal surfaced late Sunday, although WWE has reportedly been seeking a buyer for months. Shares of Endeavor fell 7.5% Monday, while WWE shares fell 4.9%. The S&P 500 SPX, -0.10% is down 0.2%.

Write Comment

Increasingly convinced a bunch of large FinTwit accounts are being paid to post anti-American propagandaYeah

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:

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, UFC-parent company Endeavor merge to form $21B global fighting behemothEndeavor, the parent company of UFC, acquired World Wrestling Entertainment in a merger that values the WWE at $9.3 billion, forming a worldwide combat sports behemoth, the companies say in a joint announcement. 'Professional Wrestling' is simply monetized idiocy, lol But Dana White is a wife beater. So?
Source: ABC - 🏆 471. / 51 Read more »