-

Endeavor to complete WWE takeover on September 12

The Endeavor takeover of WWE will be completed on Tuesday, September 12. The news was announced in a press release issued today.

WWE will merge with the UFC to create TKO Group Holdings, Inc., and WWE will begin trading on the New York Stock Exchange under the symbol TKO on Tuesday, combining the finances of both WWE and UFC.

Endeavor values WWE at $9 billion and the UFC at $12 billion, creating TKO with a $21 billion value.

Endeavor, led by Ari Emanuel, and WWE, led by Vince McMahon announced the merger on the day after WrestleMania 39 in Los Angeles. The new TKO company will be headed by Emanuel as CEO and McMahon as Chairman.

Colin Vassallo
Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

Stories you might also likeRELATED
Recommended to you

LATEST NEWS

Drew McIntyre storms off again after non-televised live event match

Several reports during the weekend suggested that Drew McIntyre left the Allstate Arena immediately following the main event and...

CM Punk’s return video clip pulls in over 20 million views under 24 hours

As expected, the video of CM Punk returning at the Survivor Series last night has been shattering some records...

CM Punk and Randy Orton to appear on Monday Night Raw tomorrow

Monday Night Raw tomorrow is set to be a banger as both the returning CM Punk and Randy Orton...