Endeavor Is Reportedly Close To Buying WWE-‘Could Mean Some Fun Crossovers’

According to a report by CNBC, Endeavor, which owns the UFC, is close to completing a deal to purchase WWE for a value of $9.3 billion.

The timing of the report arrives on the back end of the conclusion of WWE’s extensive yearly WrestleMania event.

With that being said, under the agreement, Endeavor will establish a new organization that will operate both the UFC and WWE and become a publicly traded entity.

Endeavor will hold a majority stake of 51 percent, while existing WWE shareholders will maintain 49 percent.

Vince McMahon will retain his position as chairman of the WWE segment of the newly formed company, where he will be second in command to Ari Emanuel, the founder of Endeavor.

Nick Khan, the CEO of WWE, will stay as the president of the wrestling operations, and Dana White will continue as the president of the UFC.

Endeavor obtained a majority stake in the UFC in 2016; later, in 2021, the organization purchased the remaining stakeholders’ shares to achieve complete ownership.

And by the looks of it, this has gone down very well on social media.

Social Media Reaction

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