UFC Parent Company, Endeavor, have today (Monday, April 3rd) confirmed a $21,000,000,000 deal to acquire the WWE (World Wrestling Entertainment).
As confirmed via an official press release, both companies will merge in the huge deal. The deal will see Dana White & Nick Khan join forces in one publicly traded company. With the agreement, Endeavor will likely own 51% of the new company. Formed by the merger of the UFC and WWE. The WWE shareholders are to hold 49% of the business.
Vince McMahon and Mark Shapiro, the president and executive chairman, will join Emanuel as the freshly merged company’s chief executive officer. Both WWE CEO Nick Khan and UFC President Dana White will stay in their respective roles.
Endeavor Purchase Confirmation
This morning, the company posted a follow-up statement. CEO Emanuel on Twitter confirmed the agreement to buy the WWE and combine it with the UFC.
“This is a rare opportunity to create a global live sport and entertainment pure-play built for where the industry is headed.” Ari Emanuel said. “For decades, Vince and his team have demonstrated an incredible track record of innovation and shareholder value creation, and we are confident that Endeavor can deliver significant additional value for shareholders by bringing UFC and WWE together.”
Endeavor continued via Twitter: “Together, they will be a powerhouse with global reach, impressive scale and omni-channel distribution.”
[All Quotes via LowKick MMA]
Some fans have given their thoughts following the news;
“UFC and WWE are merging to create an unprecedented sports entertainment experience. Brace yourself for the ultimate clash between the biggest stars from both worlds, as they bring the heat to the octagon and the ring. Get ready to witness history in the making! #UFCWWEmerger“
“This is wild, definitely looking forward to seeing how this turns out!” –
What are your thoughts following this? What does this mean for the future?
Featured image credits to Embed from Getty Images and Embed from Getty Images
