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, 2023The Ultimate Fighting Championship and World Wrestlling Entertainment are about to be under the same ownership umbrella.
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Endeavor, the parent company of the UFC, has purchased WWE and will form a new publicly traded company with the two organizations. As a result of the agreement, Endeavor will own 51% of the new combat sports entertainment company, while WWE shareholders get a 49% stake. CNBC was first to report the sale.Endeavor CEO Ari Emanuel will be the chief executive of the new company, while former WWE owner Vince McMahon will serve as executive chairman. Endeavor president Mark Shapiro takes over the same role at the new company; Dana White will remain UFC president and WWE…