WWE-UFC MERGER: UFC is worth over $12 billion, while WWE is worth over $9 billion.World Wrestling Entertainment (WWE), the dominant pro wrestling organisation, formally announced on Monday morning that it will be combining with MMA Ultimate Fighting Championship (UFC). A new $21 billion sports entertainment corporation would be formed by the two organisations, which are the biggest pro wrestling and MMA enterprises in the world.Check Full details about WWE -UFC Merger, Follow WWE News: WWE-UFC Merger with InsideSport.IN
Vince McMahon on the WWE and UFC merger: “It’s the right time to do the right thing.”
pic.twitter.com/fXdnGT9fdH— Chris Van Vliet (@ChrisVanVliet) April 3, 2023
Endeavor, the parent company of the UFC, will own a 51% stake in this new corporation. The remaining 49% will be governed by WWE stockholders. According to the agreement between Endeavor and WWE,UFC is worth over $12 billion, while WWE is worth over $9 billion.
WWE-UFC MERGER: Check out full details about the WWE UFC Merger deal
WWE and UFC will be combined into a new publicly listed company with the ticket name “TKO,” with Endeavor Group Holding Inc. slated to acquire a controlling position of 51% in the new business. Whereas 49% of the investment will be allocated to the current WWE shareholders.
According to estimates, UFC is worth roughly $12.1 billion, while WWE came in at $9.3 billion in the same range.
When he returned to the firm in January after a brief hiatus following claims of alleged sexual assault and the subsequent hush money McMahon gave out to keep specifics related to the same from becoming public, co-founder and former CEO McMahon said WWE were examining alternatives for a sale.
McMahon is expected to continue in his position with the undisclosed organisation.
The potential to combine two top pure-play sports and entertainment firms is once in a lifetime, according to Ari Emanuel, CEO of Endeavor.
Endeavor, a well-known name in the entertainment industry, first represented actors and television personalities before successfully expanding to other markets, such tennis competitions, with investments in the Madrid Open and Miami Open.
When Endeavor acquired UFC in 2016, the stock price of the firm has also constantly increased, and CEO Emanuel is optimistic about the future growth of the new company’s worth.
WWE recently held its annual showpiece of Wrestlemania in a successful two-day show in which multiple high-octane bouts entertained the masses that had flocked into the stadium in Los Angeles as well as those who tuned into the pay-per-view event.
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