WWE, UFC parent Endeavor announce $21.4 billion planned merger

  • 📰 nypost
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 67%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

WWE, UFC parent Endeavor announce plan to merge in $21.4 billion deal

World Wrestling Entertainment and Endeavor, the parent company that runs mixed martial arts outfit Ultimate Fighting Championship, have confirmed that they will merge to create a $21.4 billion company that will be listed on the New York Stock Exchange.Endeavor will have a 51% controlling interest in the new entity while WWE shareholders will retain a 49% stake in the company, which has yet to be named.

Ari Emanuel, the super-agent who runs Endeavor, will be CEO of the company while WWE boss Vince McMahon will serve as executive chairman. Shares of WWE were trading down by some 6% in pre-market activity on Monday while Endeavor’s stock was trading at around 2.8% higher before the opening bell.

 

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

And am here can't even afford a meal... 💔...

WWERaw

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:

 /  🏆 91. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

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

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
Source: FoxBusiness - 🏆 458. / 53 Read more »

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?
Source: ABC - 🏆 471. / 51 Read more »

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 »