UFC, WWE Officially Merge Under Parent Company TKO Group Holdings
The NYSE welcomes TKO Group Holdings Inc. in celebration of its listing! đ $TKO @TKOGrp | @ufc | @WWE | @Endeavor | @danawhite | @TripleH | @BiancaBelairWWE | @dc_mma pic.twitter.com/55SSVlQpdw
â NYSE đ (@NYSE) September 12, 2023
The merger between the Ultimate Fighting Championship and World Wrestling Entertainment is now official.
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Endeavor Group Holdings has a 51% controlling interest in the company, while WWE shareholders have a 49% stake. Emanuel will be chief executive of TKO, while McMahon will serve as executive chairman â his same role with WWE. White is the CEO, but his role isnât expected to change significantly with the title, and WWE CEO Nick Khan will serve as president of WWE.
âThe creation of TKO marks an exciting new chapter for UFC and WWE as leaders in global sports and entertainment,â Emanuel said in a release. âGiven their continued connectivity to the Endeavor network, we are confident in our ability to accelerate their respective growth and unlock long-term sustainable value for shareholders. With UFC and WWE under one roof, we will provide unrivaled experiences for more than a billion passionate fans worldwide.â
The merger, which was announced in April, forms a combat sports organization reportedly valued at $21.4 billion. As a result, Endeavor is expecting âsignificant growthâ in domestic and international media rights, ticket sales and yield optimization, event operations, sponsorship, licensing and premium hospitality.
âThis is the culmination of a decades-long partnership between Endeavor and WWE across strategic initiatives including talent representation and media rights. Given our collaborative, trusted relationship and Endeavorâs incredible track record of success growing UFC, we believe WWE is optimally positioned for future growth and success as part of TKO,â McMahon said in the release. âOur focus remains on delivering for our fans across the globe as we take the business to the next level alongside UFC and Endeavor.â
.@TKOGrp @ufc @WWE pic.twitter.com/Oh8y6lWYs9
â danawhite (@danawhite) September 12, 2023
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