Monday, bringing together two of the best-known sports entertainment brands in the U.S. into a single public company and handsomely lining WWE’s billionaire chairman Vince McMahon’s pockets.The deal, which values WWE at $9.
3 billion, will result in a new firm held 51% by existing Endeavor shareholders and 49% by existing WWE shareholders.The newly-formed company will trade on the New York Stock Exchange under the ticker TKO, a nod to the abbreviation for technical knockout.
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:
How is WWE worth 9 billion?!
Sad, now wrestlers will get paid like shit too.
TripleH !?
whopperholic1
achinga_chris see that 🤔 .
RobbieBarstool Wake up!!! Did you see this coming?
With 2 MILLION mentions of WrestleMania in the past 2 days alone on Twitter - from EVERY country in the world, what a weekend for WWE!
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 »
Conor McGregor teases WWE title chase with UFC parent Endeavor set to buy companyConor McGregor seemingly has historic plans despite not having won an MMA bout in over three years. fuckfakewrestling
Source: nypost - 🏆 91. / 67 Read more »
WWE Confirms Merger With UFC Parent EndeavorWWE and UFC parent Endeavor Group Holdings made things official in an SEC filing Monday morning, confirming their blockbuster merger into a combat sports colossus. Word surfaced on Sunday of the co… ajdoon6 ?
Source: DEADLINE - 🏆 109. / 63 Read more »
UFC and WWE combine to create $21.4B entertainment companyUltimate Fighting Championship owner Endeavor Group Holdings Inc. and WWE are combining to create at $21.4 billion sports entertainment company, a business that will share a diverse audience and expansive social media reach. A new publicly traded company will be formed that houses the UFC and WWE brands. Endeavor 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. We will finally see Conor McGregor in the WWE. Cue up the inter-promotional PowerSlap PPV. To the bank
Source: AP - 🏆 728. / 51 Read more »