UFC, WWE combine to form $21.4B sports entertainment company

taking a 51% controlling interest in the new company. Existing WWE shareholders will hold a 49% stake.The new business, which does not yet have a name, will be lead by Endeavor CEO Ari Emanuel. Vince McMahon, executive chairman at WWE, will serve in the same role at the new company. Dana White will continue as president of UFC and Nick Khan will be president at WWE.

Ties already exists talent wise between WWE and UFC, with stars such as Brock Lesnar and Ronda Rousey crossing over between the two businesses. The announcement of the WWE sale arrives after McMahon, the founder and majority shareholder of WWE, returned to the company in January and said that it could be up for sale.

"It makes all the sense in the world for all these synergies that we have to extract all of the value that we can out of the marketplace," he explained. The company is also a social media powerhouse. It surpassed 16 billion social video views in the final quarter of last year. It has nearly 94 million YouTube subscribers and has more than 20 million followers on TikTok. Its female wrestlers comprise five out of the top 15 most followed female athletes in the world, across Facebook, TwitterWWE had more than 7.5 billion digital and social media views in January and February of this year, up 15% from the same time frame a year ago.

Ray wonders if they need any good fry cooks

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

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
مصدر: FoxBusiness - 🏆 458. / 53 اقرأ أكثر »

WWE, UFC Merge, Form Massive New CompanyThe WWE and the UFC are merging into one ... now forming a $21 billion company. Is that smart Wrestling is one thing and ufc is a whole type of different league….. I don’t get it? One is real and one is fake? Too bad wwe was better when it was competing with wcw
مصدر: TMZ - 🏆 379. / 59 اقرأ أكثر »

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?
مصدر: ABC - 🏆 471. / 51 اقرأ أكثر »

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.
مصدر: nypost - 🏆 91. / 67 اقرأ أكثر »