Steve Carrier on April 3, 2023
In addition to the announcement of the WWE-UFC merger, it has been reported that Vince McMahon sent an email to all WWE employees announcing the transaction and calling for an all-employees meeting at 4 pm ET. The meeting is expected to provide further details about the merger and address any concerns from employees.
The email from McMahon expressed his excitement about the partnership with Endeavor and the potential for growth opportunities for both WWE and UFC. McMahon also praised Endeavor’s work in growing the UFC brand and described them as the “perfect partner” to help supercharge WWE’s growth.
“I’m excited to announce that WWE has entered into a partnership with Endeavor to create a one-of-a-kind company that will bring together two global sports and entertainment powerhouses: WWE and UFC.
The historic alliance of these two formidable institutions has the potential to unlock vast growth opportunities for both organizations and generate an optimal outcome for our employees, shareholders, fans, and other stakeholders.
We are huge admirers of the work Endeavor has done to grow the UFC brand, and they will be the perfect partner to help supercharge our growth at WWE.”
The transaction is expected to be completed by the end of the year, and the new company will trade under the ticker symbol TKO.
While Endeavor will own 51% of the company, shareholders will have 49%. The power structure will see Ari Emanuel as CEO of both Endeavor and the new WWE/UFC company, with Mark Shapiro serving as the new company’s president. McMahon will remain the executive chairman of the new company, with Nick Khan serving as the president of WWE and Dana White as the president of UFC.
The merger of WWE and UFC is expected to create a one-of-a-kind company that brings together two global sports and entertainment powerhouses, unlocking vast growth opportunities for both organizations.
What impact do you think the WWE-UFC merger will have on the world of professional wrestling and sports entertainment as a whole? Leave a comment.
April 3, 2023 8:41 am
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