TKO Group Holdings Emerges as WWE and UFC Merged Company, Trading Under TKO Ticker
In a highly-anticipated development, it has been confirmed that the combined entity resulting from the merger of WWE and UFC will be known as TKO Group Holdings. CNBC’s Alex Sherman broke the news, igniting excitement among fans and investors alike.
When the merger plans between Vince McMahon’s WWE and Ari Emanuel’s Endeavor were initially unveiled, it was revealed that the newly public company would trade under the TKO ticker. McMahon and Emanuel expressed their intention to unveil the official name soon, setting the stage for this momentous announcement.
Pending the successful navigation of regulatory hurdles, the deal is expected to be finalized in the second half of 2023. The valuation of the merged company was initially estimated at $20 billion, but the ultimate determination will be in the hands of the public when shares commence trading.
Vince McMahon will assume the role of Executive Chairman in the new venture, accompanied by Ari Emanuel as CEO. Meanwhile, WWE President Nick Khan and UFC President Dana White will retain their respective positions within the organization.
The birth of TKO Group Holdings marks a significant chapter in sports and entertainment history, as two industry titans join forces to create an unrivaled powerhouse. The world eagerly awaits the official launch of this merged company and the promising future it holds for both WWE and UFC.
