-

WWE sale expected to be announced tomorrow to Endeavor Group

CNBC is reporting that a WWE sale is likely to be announced tomorrow to Endeavor Group, headed by Ari Emanuel.

The Endeavor Group is also the parent company of the UFC and rumors are that WWE and UFC will be combined in a new publicly traded company.

Under the deal, Endeavor will own 51% of the new company while WWE shareholders will get the remaining 49%. The Endeavor deal gives WWE an enterprise value of $9.3 billion, CNBC said.

As far as executive positions, Emanuel will serve as Chief Executive while Vince McMahon is expected to be Executive Chairman. Endeavor President Mark Shapiro will also work in the same role at the new company and Dana White will remain as President of UFC.

WWE CEO Nick Khan will serve as president of the wrestling side of the business.

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

Categories and nominees for the 2024 Slammys

11 categories make up the 2024 Slammys and voting is now open on the WWE.COM website. The Female Superstar of...

From novice to pro: how to start your gambling journey at 1Win Casino

Starting a gambling journey on a platform does not have to do with just investing your money into the...

Rampage rating for 03/20/2024

Rampage, which aired on Wednesday night immediately following the conclusion of Dynamite on TBS, drew 541,000 viewers, up 214,000...

Discover more from Wrestling-Online.com

Subscribe now to keep reading and get access to the full archive.

Continue reading