WWE, Endeavor Officially Announce Deal for WWE/UFC Merger

\nFollowing a report from CNBC yesterday claiming WWE and UFC would merge as UFC parent Endeavor purchased WWE, Endeavor officially announced the deal Monday morning, valuing the newly combined companies at $21 billion. The terms of the deal are basically what was reported over the weekend. Endeavor will own 51% of the new company, with WWE shareholders owning 49%. The company will be publicly traded and valued at a combined $21 billion. Vince McMahon will remain on board.

The new company will be well-positioned to maximize the value of our combined media rights, enhance sponsorship monetization, develop new forms of content, and pursue other strategic mergers and acquisitions to further bolster our strong stable of brands. I, along with the current WWE management team, look forward to working closely with Ari and the Endeavor and UFC teams to take the businesses to the next level.

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 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
Source: FoxBusiness - 🏆 458. / 53 Read more »

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 »