Endeavor Nears Deal to Acquire WWE (Report)
J. Kim Murphy World Wrestling Entertainment Inc. (WWE) is nearing a deal to be acquired by Endeavor Group Holdings Inc. Bloomberg was first to report on the ongoing acquisition deal. The report states that “no final decision has been made” and that negotiations could potentially fall through. The talks coincide as WrestleMania 39, one of the organization’s premier annual events, continues to unfold. The two-day pay-per-view and streaming extravaganza concludes Sunday evening, with more than 80,000 fans in attendance in Los Angeles. The WWE has been actively exploring an acquisition deal for some time now. Vince McMahon, the longtime public face and majority owner of the professional wrestling organization, returned to the company as executive chairman in January. McMahon had exited his WWE leadership role last year amid investigations into sexual misconduct allegations, leaving his daughter, Stephanie McMahon, to take on offices as chairman and co-CEO alongside Nick Khan, who previously served as the company’s president.