Ari Emanuel, the super-agent who runs Endeavor, will be CEO of the company while WWE boss Vince McMahon will serve as executive chairman.
Dana White, the president of UFC, will continue in his current role while WWE CEO Nick Khan will keep his title.
Ari Emanuel’s Endeavor is the parent company of mixed martial arts powerhouse Ultimate Fighting Championship.“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,” McMahon said in a prepared statement Monday.“This is a rare opportunity to create a global live sports and entertainment pureplay built for where the industry is headed,” said Emanuel.
“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’s stock was trading at around 2.8% higher before the opening bell.
The announcement arrives after McMahon, the founder and majority shareholder of WWE, returned to the company in January and said that it could be up for sale.Endeavor will acquire WWE for $21.4 billion, the two companies announced on Monday.McMahon returned in January by exercising his power as majority shareholder — pushing his way back on the board of directors as executive chairman in order to oversee a potential sale of the company.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
WWE acquired by UFC's parent organization to form new $21 billion companyEndeavor Group Holdings on Monday announced a deal to merge WWE and UFC to form a $21 billion separately listed company hours after WrestleMania 39.
Leer más »
Endeavor Nears Deal to Buy WWE and Merge It With UFCThe UFC owner is in talks to acquire the wrestling company after the January return of Vince McMahon to the sports entertainment powerhouse.
Leer más »
WWE near deal to be sold to UFC parent Endeavor, sources sayWWE and Endeavor Group are in advanced talks for a deal that would merge Vince McMahon's wrestling and media company with UFC, sources say
Leer más »
WWE close to being sold to UFC parent company EndeavorAs WWE puts on WrestleMania, its biggest show of the year, the company is on the verge of being sold.
Leer más »
UFC owner Endeavor poised to buy Vince McMahon's WWE: reportUFC parent company Endeavor Group is close to a deal to acquire World Wrestling Entertainment, according to a report Sunday.
Leer más »
Report: UFC parent Endeavor to purchase 51 percent stake in WWEHours before its signature event, WrestleMania 39, got underway Sunday at SoFi Stadium in Inglewood, California, a report on CNBC.com indicated that UFC parent company Endeavor was poised to purchase the WWE, the world's leading wrestling brand, in a mega-deal.
Leer más »