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Endeavor Group completed the acquisition of World Wrestling Entertainment for $9.3bn.

Announced

Completed

Transaction 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.

Sources

Press Release

Endeavor

Completion Announcement

WWE

Transaction Value

£7,542m

Consideration Type

Ordinary Shares

Capital Owned

+ Add

Capital bid for

100%

EV/Sales

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EV/EBITDA

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Share Price Premium

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Service Providers (10)Dealmakers
Moelis & Co

financial advisors

Moelis & Co

The Raine Group

financial advisors

The Raine Group

Kirkland & Ellis

legal advisors

Kirkland & Ellis

Jp Morgan

financial advisors

Jp Morgan

Paul Weiss Rifkind Wharton & Garrison

legal advisors

Paul Weiss Rifkind Wharton & Garrison

Freshfields Bruckhaus Deringer

legal advisors to financial advisors

Freshfields Bruckhaus Deringer

Latham & Watkins

legal advisors

Latham & Watkins

Brunswick Group

pr advisors

Brunswick Group

Morgan Stanley

financial advisors

Morgan Stanley

Goldman Sachs

financial advisors

Goldman Sachs

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