The Endeavor deal to purchase WWE is expected to close next week.
Today, WWE and Endeavor announced that Endeavor’s deal to purchase WWE and merge the promotion with UFC to form TKO is expected to close on September 12.
From WWE:
BEVERLY HILLS, Calif. & STAMFORD, Conn.–(BUSINESS WIRE)–Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor”) and World Wrestling Entertainment, Inc. (NYSE: WWE) (“WWE”) today announced they expect to close the previously announced transaction to form TKO Group Holdings, Inc. (“TKO”) on September 12, 2023, at which time TKO will begin trading on the New York Stock Exchange under the ticker symbol “TKO”.
WWE
Although Endeavor will own WWE and both UFC & WWE are under the same umbrella, they will still be run as separate entities, with Vince McMahon running the wrestling side of things and Triple H as the head of creative.
The deal between Endeavor and WWE was announced on April 3.
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