UFC and WWE combine to create $21.4B entertainment company

  • 📰 AP
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

WWE and Ultimate Fighting Championship owner Endeavor Group Holdings Inc. are combining to create a $21.4 billion sports entertainment company, a business that will share a diverse audience and expansive social media reach.

A WrestleMania sign hangs over the crowd during the WWE Monday Night RAW event, Monday, March 6, 2023, in Boston. WWE’s WrestleMania arrives this weekend, Saturday, April 1, to a massive audience and vastly larger advertising revenue as it seeks to establish itself as a serious contender for major advertising bucks. A WrestleMania sign hangs over the crowd during the WWE Monday Night RAW event, Monday, March 6, 2023, in Boston.

WWE and the company that runs Ultimate Fighting Championship will combine to create a $21.4 billion sports entertainment company. A new publicly traded company will be formed that houses the UFC and WWE brands, with Endeavor Group Holdings Inc. taking a 51% controlling interest in the new company. Existing WWE shareholders will hold a 49% stake.

The new business will be lead by Endeavor CEO Ari Emanuel. Vince McMahon, executive chairman at WWE, will serve in the same role at the new company.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ultimate Fake Combat 🤷🏽‍♂️😜😄

they can script UFC now too.

So is it going to be real or fake? 😆

To the bank

Cue up the inter-promotional PowerSlap PPV.

We will finally see Conor McGregor in the WWE.

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:

 /  🏆 728. in CA

Canada Canada Latest News, Canada Canada Headlines

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

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.
Source: nypost - 🏆 91. / 67 Read more »