UFC And WWE: The announcement comes after WWE’s founder and majority stakeholder, Vince McMahon, visited the organisation in January and suggested that it would be put up for sale. After the transaction is complete, Endeavor Group Holdings will have a controlling 51 per cent interest in the new firm.
A £17.3 billion sports entertainment corporation will be formed through the merger of the WWE and the UFC’s management firm.
The UFC and WWE franchises will be housed by a brand-new publicly traded business.
Once the purchase is completed, Endeavor Group Holdings will control a 51 per cent stake in the new business. 49% of the new firm will be owned by current WWE shareholders.
Ari Emanuel, chief executive of Endeavor, will oversee the new company. He will continue to serve as the CEO of Endeavor. The new business will have Vince McMahon in the same position as his current one as executive chairman of WWE.
The statement follows Mr McMahon’s return to WWE in January when he suggested that the firm would be put up for sale. Mr McMahon is the company’s creator and primary stakeholder.
There were rumours circulating regarding potential buyers of WWE, with a talk focused on organisations like Endeavor, Disney, Fox, Comcast, Amazon, and Saudi Arabia’s Public Investment Fund.
Given its global appeal and devoted fan base, which spans all ages and socioeconomic levels and includes everyone from children to elders, industry experts had considered WWE to be an alluring acquisition target.
Business is a dominant force in social media. It has approximately 94 million YouTube subscribers and more than 20 million TikTok followers. In the final quarter of last year, it reached 16 billion social video views.
Five of the top 15 most popular female athletes in the world on Facebook, Twitter, and Instagram are wrestlers from the WWE, headed by Ronda Rousey’s 36.1 million followers.
Also, WWE had more than 7.5 billion views across digital and social media in January and February of this year, a 15% increase from the same period last year.
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