WWE-UFC Merger: The UFC parent company, Endeavor, said on Monday morning that World Wrestling Entertainment, owned by Vince McMahon, has agreed to merge with UFC to create a new publicly traded company governed by Endeavor Group. According to the terms of the arrangement, Endeavor will own 51% of the new combat sports and entertainment firm, and WWE shareholders would hold the remaining 49%. According to a press release from the firms, the purchase values WWE at $9.3 billion and Endeavor’s UFC at $12.1 billion. Follow the latest WWE News Updates with InsideSport.IN
WWE-UFC Merger: Dana White, Ari Emanuel, Vince McMahon, and Nick Khan will stick to their roles
In premarket trading, Endeavor shares increased while WWE shares decreased. According to the firms, Ari Emanuel will serve as the new business’s chief executive. McMahon will also serve as executive chairman, while Mark Shapiro, president, and chief operating officer of Endeavor, will continue in those capacities at the new business. Dana White will continue in his role as UFC president, and WWE CEO Nick Khan will continue in his role as president of the wrestling industry.
Per CNBC, WWE is in advanced talks to be sold to Ari Emanuel’s Endeavor Group, the parent of Ultimate Fighting Championship. The deal would combine UFC and WWE into one publicly traded company. pic.twitter.com/K9j6Tp2EQr
— Wrestle Features (@WrestleFeatures) April 2, 2023
Eleven persons will comprise the board, including six chosen by Endeavor and five by WWE. The name of the combined business will be disclosed later.
What will happen next after WWE and UFC merge?
Also, it happened the day after WWE’s biggest live event, WrestleMania 39, ended. The business has been looking for a buyer for a while. In January, McMahon rejoined the organization as chairman to direct the procedure. As of Friday’s closing bell, shares of WWE have increased by more than 33% this year, giving the company a market value of more than $6.79 billion.
Two of the biggest sports entertainment brands in the world would join forces under the pact. Despite some significant differences—the UFC promotes brutal mixed martial arts fighting, while WWE offers staged fights and soap opera-like storylines—the two companies seem like a good fit in substance and culture. Ronda Rousey and Brock Lesnar are two UFC fighters who have competed in WWE matches.
Follow WWE live Updates here with InsideSport.
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