TKO Group Holdings debuted on Tuesday as a publicly traded company at the New York Stock Exchange. Endeavor CEO Ari Emanuel rang the bell to open trading for the day, and he was accompanied by UFC president Dana White, WWE executive chairman Vince McMahon, WWE executive Paul Levesque and ex-UFC two division champEndeavor Group Holdings has a 51% controlling interest in the company, while WWE shareholders have a 49% stake.
“The creation of TKO marks an exciting new chapter for UFC and WWE as leaders in global sports and entertainment,” Emanuel said in a release. “Given their continued connectivity to the Endeavor network, we are confident in our ability to accelerate their respective growth and unlock long-term sustainable value for shareholders. With UFC and WWE under one roof, we will provide unrivaled experiences for more than a billion passionate fans worldwide.
“This is the culmination of a decades-long partnership between Endeavor and WWE across strategic initiatives including talent representation and media rights. Given our collaborative, trusted relationship and Endeavor’s incredible track record of success growing UFC, we believe WWE is optimally positioned for future growth and success as part of TKO,” McMahon said in the release.