WWE to be Acquired by UFC’s Parent in a $9.3 Billion Deal
<p>Vince McMahon's <a href='https://financialmodelingprep.com/financial-summary/WWE'>WWE (NYSE:WWE)</a> has confirmed its sale to <a href='https://financialmodelingprep.com/financial-summary/EDR'>Endeavour Group (NYSE:EDR)</a> after advanced talks between the two were reported by several media outlets. The deal involves a merger with EDR's UFC, resulting in the formation of a new publicly-traded company, with EDR holding a controlling 51% stake and WWE owning 49%. </p>
<p>Endeavor CEO, Ariel Emanuel, will lead the new company as CEO, while McMahon will serve as executive chairman. </p>
<p>The deal values WWE at an enterprise value of $9.3 billion and a market value of $6.79 billion. The new company is expected to generate annualized run-rate cost synergies of $50-100 million.</p>

NYSE:WWE