A new publicly traded company will house the UFC and World Wrestling Entertainment brands, with Endeavor Group Holdings Inc. 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. Rumors swirled about who would possibly be interested in buying WWE, with Endeavor, Disney, Fox, Comcast, Amazon and Saudi Arabia's Public Investment Fund all in the mix.
WWE 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.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom 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
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
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
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.
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.
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.
Read more »