A new publicly traded company will be formed that houses the UFC and WWE brands, with Endeavor Group Holdings Inc. taking a 51% controlling interest in the new company. Existing WWE shareholders will hold a 49% stake.The companies put the enterprise value of UFC at $12.1 billion and WWE at $9.3 billion.
Rumors swirled about who would possibly be interested in buying WWE, with chatter focusing on companies such as Endeavor, Disney, Fox, Comcast, Amazon and Saudi Arabia’s Public Investment Fund. The company held its marquee event, WrestleMania, over the weekend. Last year, WWE booked revenue of $1.3 billion.
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:
Oooo can we get more Brawl For All’s?
Nigeria Nigeria Latest News, Nigeria Nigeria 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 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
Source: TMZ - 🏆 379. / 59 Read more »
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
Source: AP - 🏆 728. / 51 Read more »
UFC, WWE combine to form $21.4B sports entertainment companyWWE and the company that runs Ultimate Fighting Championship will combine to create a $21.4 billion sports entertainment company.
Source: WashTimes - 🏆 235. / 63 Read more »
UFC, WWE combine to form $21.4B sports 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.
Source: KPRC2 - 🏆 80. / 68 Read more »
UFC, WWE combine to form $21.4B sports entertainment companyLess than 12 hours after the conclusion of WWE's marquee event, Wrestlemania, the company was sold to Endeavor, who plans to combined the WWE and UFC into one company.
Source: wrtv - 🏆 598. / 51 Read more »