WWE Lawsuit: Endeavor’s merging of WWE and UFC is an outstanding deal in the field of sports entertainment. The merger will bring in a lot of changes for the Vince McMahon-led company. However, due to new litigation against Vince McMahon’s company, trouble is arising with the UFC and WWE merger. Check details. Follow the latest WWE News Updates with InsideSport.IN
WWE Lawsuit: Trouble Arises with the UFC and WWE Merger
As per a press release by Julie and Holleman, they are investigating the proposed merger between Endeavor and WWE, where UFC and WWE will combine to form a new publicly traded company.
Endeavor is a sports and entertainment company, which consists of UFC, IMG, and WME. It is controlled by private equity firm, Silver Lake, which holds the majority of the company’s voting power. While the majority of WWE’s voting power is owned by Vince McMahon, the executive chairman of the company.
According to the press release, “Julie & Holleman LLP is a boutique law firm that focuses on shareholder litigation, including derivative actions, mergers and acquisitions cases, securities fraud class actions, and corporate investigations.”
“Julie & Holleman is investigating potential legal claims regarding the fairness of the merger terms and potential conflicts of interest. Among other things, Silver Lake may have interests that diverge from other shareholders’ interests, and it could be using its controlling stake to extract unfair benefits. Julie & Holleman is also concerned that the proposed merger might have driven the sale of its IMG business to another private equity firm.”
I turned my head for two seconds…
And Vince McMahon gets hit with ANOTHER LAWSUIT!?? That’s two in one day! 😱😱
Shareholder rights law firm Julie & Holleman LLP is investigating the WWE and Endeavor group merger. The word is the WWE sale was done illegally.
This man cannot… pic.twitter.com/nNu4pxPCoG
— Just Alyx (@JustAlyxCentral) April 26, 2023
However, WWE and UFC’s merger is a huge deal that is already in process and the new litigation might not be able to stop it. Thus, WWE and UFC will soon merge to form a new publicly traded company.
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