The fluctuating nature of WWE stock prices over the past few months has left investors on a roller coaster ride, spurred by rumors of a company sale. Now, the sale is indeed on the horizon as UFC’s parent company, Endeavor, is expected to acquire WWE. Vince McMahon’s return to the helm of the company earlier this year was seen as a precursor to this impending acquisition.
As per reports, the new combat sports and entertainment company will be 51% owned by Endeavor, while WWE shareholders will own 49%, resulting in an enterprise value of $9.3 billion. Interestingly, there are indications that WWE and UFC will collaborate on a joint venture following the sale, with plans to form a new publicly traded company. This move is seen as a means for WWE to follow in the successful footsteps of Endeavor and UFC.
This groundbreaking news has sent shockwaves throughout the pro wrestling community, with many fans raising questions about the accessibility and cost of pay-per-view events in the future. Only time will tell how this major development will ultimately impact the industry and its followers.
Endeavor Nears Completion of Acquisition Deal for WWE, Reports Say
