The WWE has found a new owner as a result of the Endeavor merger. The company that now owns the WWE is a result of the combination of two major players in the entertainment industry.
The new owner is Endeavor Group Holdings, a global entertainment, sports, and content company. Endeavor Group Holdings is now the parent company of WWE, having acquired a majority stake in the company.
This acquisition has significant implications for the future of WWE, and its fans around the world. The company will continue to operate independently under the leadership of its existing management team.
WWE Sold to Endeavor
WWE was sold to Endeavor, the parent company of UFC, in a $9.3 billion deal.
The combined valuation of the new company is over $21 billion. This makes it a live sports and entertainment powerhouse with a collective fanbase of more than a billion people.
Vince McMahon, the executive chairman of WWE, said in a statement that "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."
Endeavor's CEO, Ari Emanuel, will head the new company as its Chief Executive Officer while also maintaining his current position at Endeavor. Emanuel will be followed by Vince McMahon as chairman of the WWE portion of the new company.
WWE executive chairman Vince McMahon will remain chairman of the WWE portion of the new company, sitting only behind Endeavor founder and CEO Ari Emanuel.
WWE Merges with Endeavor
The WWE has merged with Endeavor, the parent company of UFC, in a deal worth over $21 billion. This new partnership creates a live sports and entertainment powerhouse with a collective fanbase of more than a billion people.
Endeavor's CEO, Ari Emanuel, will be the new chairman of the combined company, while Vince McMahon will remain chairman of the WWE portion. This deal marks a significant shift in the wrestling world, with WWE shareholders retaining 49% of the new company.
The new company will be publicly traded, and Endeavor will take a 51% ownership stake. This move is expected to bring significant value to shareholders, according to Emanuel.
Vince McMahon, the executive chairman of WWE, has stated that the deal will create a "live sports and entertainment powerhouse" with exciting growth opportunities.
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