Announced
Completed
Financials
Tags
Friendly
United States
Majority
sports
Domestic
professional wrestling
Entertainment
Single Bidder
Merger
Acquisition
Public
Completed
Synopsis
Endeavor Group, an American holding company for talent and media agencies, completed the acquisition of World Wrestling Entertainment, an American professional wrestling promotion company, for $9.3bn. Endeavor will merge WWE with UFC, to form a new, publicly listed company consisting of two iconic, complementary, global sports and entertainment brands. Upon close, Endeavor will hold a 51% controlling interest in the new company and existing WWE shareholders will hold a 49% interest in the new company. Together, UFC and WWE will have global reach, impressive scale and omnichannel distribution. On a combined 2022 fiscal year-end basis, UFC and WWE achieved revenue of $2.4bn and a 10% annual revenue growth rate since 2019.
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