Boots & Sabers

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Owen

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2027, 03 Apr 23

WWE Merges with UFC

This merger seems somehow appropriate with the Trump indictment.

World Wrestling Entertainment is merging with Endeavor Group, the parent company of competitor UFC, to form a new publicly traded company.

 

The deal values the newly combined company at over $21 billion: UFC is worth $12.1 billion and WWE is valued at $9.3 billion. Endeavor shareholders will own 51% of the newly combined company, while WWE shareholders are getting 49%.

 

“This is a rare opportunity to create a global live sports and entertainment pureplay built for where the industry is headed,” said Ariel Emanuel, CEO of Endeavor, in a statement. Emanuel, a Hollywood powerhouse agent, will be the CEO of the new company and retain his chief executive title at the agency.

 

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2027, 03 April 2023

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