WWE to Merge With UFC, to Form $21 Billion Sports Entertainment Company
After the deal goes through, UFC would take a 51% ownership stake with WWE shareholders retaining 49% of the new company.
All the speculations of change in WWE ownership comes to an end as Endeavor, the parent company of UFC, has put a deal in place to acquire WWE at a valuation of $9.3 billion. The joint company is said to have the valuation of $21 Billion. WWE executive chairman and long-time owner Vince McMahon, the largest current shareholder of WWE, is set to stay the chairman of the new company formed together.
WWE to Merge With UFC
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