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WWE, Endeavor Officially Announce Deal for WWE/UFC Merger

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ICYMI: It's official! WWE and UFC will merge into a new $21 billion company under the terms of a deal with UFC parent Endeavor. Vince McMahon will remain as Executive Chairman, making him Dana White's boss. / WWE UFC WWESold VinceMcMahon DanaWhite

\nFollowing a report from CNBC yesterday claiming WWE and UFC would merge as UFC parent Endeavor purchased WWE, Endeavor officially announced the deal Monday morning, valuing the newly combined companies at $21 billion. The terms of the deal are basically what was reported over the weekend. Endeavor will own 51% of the new company, with WWE shareholders owning 49%. The company will be publicly traded and valued at a combined $21 billion. Vince McMahon will remain on board.

The new company will be well-positioned to maximize the value of our combined media rights, enhance sponsorship monetization, develop new forms of content, and pursue other strategic mergers and acquisitions to further bolster our strong stable of brands. I, along with the current WWE management team, look forward to working closely with Ari and the Endeavor and UFC teams to take the businesses to the next level.

 

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