Vince McMahon returned to WWE to usher in a company sale, and he was able to broker a landmark merger between WWE and the UFC under Endeavor as the parent company. While both companies are preparing for this merger, they still have some time before things are 100% complete.
Some WWE employees are worried about losing their jobs. The company nixed remote job assignments and everyone is going back to the offices. With a move to a new headquarters still moving along as well, some of those employees are afraid that they will be fired as redundancies pop up between the two companies after the merger.
In the company’s 1st quarter 2023 earnings report, it was noted that Endeavor expects to finalize UFC and WWE’s merger in the second half of 2023. This might take a few more weeks than they initially estimated, but things are still moving along.
The transaction is expected to close in the second half of 2023. The transaction is subject to the satisfaction of customary closing conditions, including receipt of required regulatory approvals
Endeavor’s deal to merge the UFC and WWE is a huge one, and it will take some time. Things aren’t instant in the business world like that, because they must also pass a certain amount of checks.
As long as the government doesn’t interfere, UFC and WWE will merge without any issue. They will be publicly traded under a new TKO stock name, but the name of their new company has yet to be revealed at this time.
What’s your take on this situation with the UFC and WWE merger? Do you think it will change WWE for the better or worse? Sound off in the comments!