Vince McMahon addresses WWE sale, misconduct allegations

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Vince McMahon addresses WWE sale, misconduct allegations
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WWE's Vince McMahon talked about the merger between his company and UFC and addressed some of the allegations against him over the last year.

Vince McMahon Monday opened up Monday about the deal that will seethe right time to make a deal and sell to Endeavor Group Holdings – the parent company of UFC. Several companies had been rumored to be in talks with WWE about acquiring the business – most notably Saudi Arabia’s Public Investment Fund.Cody Rhodes makes his entrance during WrestleMania 38 in Arlington, Texas, on April 3, 2022.

The 77-year-old came under fire last summer of sexual misconduct allegations. WWE later said it found some Endeavor will hold a 51% controlling interest in the new company while WWE shareholders will have a 49% stake. The deal values UFC at $12.1 billion and WWE at $9.3 billion. McMahon added, "Together, we will be a $21+ billion live sports and entertainment powerhouse with a collective fanbase of more than a billion people and an exciting growth opportunity. The new company will be well positioned to maximize the value of our combined media rights, enhance sponsorship monetization, develop new forms of content and pursue other strategic mergers and acquisitions to further bolster our strong stable of brands.

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