-

WWE/UFC merged company to be called TKO Group Holdings

A spokesman for Endeavor told CNBC that the new merged WWE/UFC company will be called TKO Group Holdings. Endeavor previously announced that they would be trading under the ticker symbol TKO on the New York Stock Exchange once the merger is approved.

TKO Group Holdings will be valued at more than $20 billion, with the UFC currently valued at $12 billion and WWE at around $9 billion.

Endeavor will own 51% stake of WWE once the U.S. Department of Justice approves the deal, while WWE shareholders will own the other 49%.

Vince McMahon will remain at the helm, becoming the Chairman of TKO Group Holdings overseeing both the WWE and UFC business. Nick Khan will run WWE and Dana White will continue to run UFC with both having the role of Presidents.

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

Clash at the Castle: Scotland store opens today in Glasgow

The Clash at the Castle: Scotland store will open in Glasgow this morning at 10AM. Located at Unit 024 inside...

Dynamite TV report for 06/12/2024

Venue: Wells Fargo Centre, Des Moines, Iowa ***** No intro, Swerve out to start the show, Nana’s pants partying like it’s...

Two big title matches tonight on Dynamite live from Des Moines

Two huge title matches will headline tonight's Dynamite live from Des Moines, Iowa, with the show facing the first...

Discover more from Wrestling-Online.com

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

Continue reading