Endeavor Announces the Finalization of WWE and UFC Merger in Mid-to-Late September – A New Era in Sports Entertainment
In a groundbreaking move that will reshape the landscape of sports entertainment, Endeavor has announced that the acquisition of WWE is expected to be finalized next month. The merger will see WWE and UFC come together under one public company called TKO Group Holdings Inc.
During Endeavor’s Q2 earnings release, the company revealed that the merger is expected to close in mid-to-late September. Endeavor CEO Ari Emanuel noted on a call to investors that plans for cost savings and synergies would be implemented immediately upon the deal’s closing.
The acquisition of WWE by Endeavor was announced back in early April during WrestleMania weekend. Vince McMahon, who retired from WWE last year but returned to power in January, facilitated the sale of the company. Once the acquisition is complete, McMahon will serve as the executive chairman of TKO Holdings.
This merger marks a significant moment in the history of both WWE and UFC, creating new opportunities and challenges for the world of sports entertainment.
