WWE stock prices have been on quite a roller coaster over the past few months. With rumors of a company sale, investors were interested. Now, they will have a chance to get on the ground floor of a new company.
News broke today that UFC’s parent company, Endeavor, is expected to buy WWE. This comes months after Vince McMahon returned to power in the company to usher in a sale.
It was further noted that, “Endeavor is slated to own 51% of the new combat sports and entertainment company, while WWE shareholders would get 49%, according to the people. The Endeavor deal gives WWE an enterprise value of $9.3 billion, they said.”
Alex Sherman released another very interesting note as part of the breaking news. UFC and WWE are expected to collaborate in a joint venture after the sale is completed.
UFC and WWE are expected to form a new publicly traded company as part of the agreement.
This allows WWE to follow the Endeavor/UFC playbook, which has been very lucrative/effective.
This news is a big shocking and will totally change life for a lot of pro wrestling fans. Naturally, a lot of questions are coming out, especially about how fans will be able to view pay-per-view events now and how much they will cost.
This is an exciting and uncertain time for a lot of people. We will have answers to every question possible from this point on right here at Ringside News.
How much would you be willing to pay for a WWE pay-per-view event? Do you think Endeavor will force fans to subscribe to ESPN+? Sound off in the comments!