Over the years, WWE and UFC have been in competition with each other and gathered a lot of fans. Just like these companies, the fans have also been divided so far. However, things are about to change for both companies and fans. After all, the companies are about to merge and surely the fans will do it eventually. Talking about the merger, it values at 21.4 Billion USD.
Bifurcating the merger, the deal values WWE at $9.3 billion and UFC at $12.1 billion. Endeavour will own the 51% stake in the new company. On the other hand, the rest of the shares will be held by WWE and UFC combined. The name of the company will be announced later. The board will consist of 11 people, with six appointed by Endeavor and five by WWE.
Today, @Endeavor announced it has signed an agreement to form a $21+ billion global live sports and entertainment company made up of @UFC and @WWE. https://t.co/lPrkBmKJXm pic.twitter.com/ZBk95c5exU
— Endeavor (@Endeavor) April 3, 2023
Endeavor can bring added value by bringing WWE and UFC together: Ariel Emanuel
In the merger report published on the Endeavor’s official website, Emanuel, the company’s CEO said that it will have a major impact. He said that the upcoming merger will add a lot of value to the likes of WWE and UFC.
“This is a rare opportunity to create a global live sports and entertainment pureplay built for where the industry is headed,” said Ariel Emanuel, CEO of Endeavor. “For decades, Vince and his team have demonstrated an incredible track record of innovation and shareholder value creation, and we are confident that Endeavor can deliver significant additional value for shareholders by bringing UFC and WWE together.”
“Given the incredible work that Ari and Endeavor have done to grow the UFC brand – nearly doubling its revenue over the past seven years – and the immense success we’ve already had in partnering with their team on a number of ventures, I believe that this is without a doubt the best outcome for our shareholders and other stakeholders,” said Vincent K. McMahon, Executive Chairman of WWE.
