UFC Parent Company Acquires WWE At $9.3 Billion Valuation

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The deal values Vince McMahon’s wrestling company at a 74% premium from when McMahon returned to WWE in January.

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.

 

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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!

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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
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