The WWE has been in the hands of the McMahon family for nearly seven decades. It appears that as soon as Monday the WWE may be sold to Endeavor.
The Endeavor group acquired UFC back in 2016, now the question is when that deal will be announced. Though, there is also no confirmation to the report either. According to Alex Sherman of CNBC, “(the) UFC and WWE are expected to form a new publicly traded company as part of the agreement.” Endeavor is said to value WWE at $9.3 billion.
The WWE has been attempting to find a suitable partner since Vince McMahon returned. There were reports that the WWE would be sold to Saudi Arabia. Then those reports were called off and declined. World Wrestling Entertainment has been owned by a member of the McMahon family since 1953, when they founded Capital Wrestling Corporation in New York City. That later evolved into the WWF, then the name was changed to WWE.
During his press conference Triple H was asked if he could any comment on the deal and his response was “Nope…”
Ari Emanuel, CEO of Endeavor, will reportedly lead the company in both its present and future state. While both, Vince McMahon and Endeavor president Mark Shapiro will serve as executive chairmen. Dana White will remain UFC president while current WWE CEO Nick Khan will be the president of the pro wrestling brand.
“Endeavor is slated to own 51 percent of the new combat sports and entertainment company, while WWE shareholders would get 49 percent, according to the people,” the report said. “The Endeavor deal gives WWE an enterprise value of $9.3 billion.”
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