“WWE agrees to merge with UFC to create a new company run by Ari Emanuel and Vince McMahon”
April 3, 2023
“Vince McMahon’s World Wrestling Entertainment has agreed to merge with UFC to form a new publicly traded company controlled by Endeavor Group , the companies announced Monday morning.
Endeavor will own a 51% stake in the new combat sports and entertainment company, while WWE shareholders will have the remaining 49%, according to the terms of the agreement. The deal values WWE at $9.3 billion and UFC, which is owned by Endeavor, at $12.1 billion, the companies said in a press release…”
https://www.cnbc.com/2023/04/03/wwe-ufc-merger-endeavor.html
Well this is a surprise. So basically UFC is going to own WWE. That’s how I view this merger anyway. Maybe Vince didn’t have anyone suitable to take over the company after he’s gone?