Two of the world’s biggest fighting organizations are coming together. On Monday, World Wrestling Entertainment (WWE) announced they will be merging with Endeavor Group, the parent company of UFC. READ MORE: Hail To The Chief: Inside Roman Reigns’ 3 Years As WWE Champ According to CNN, the merger will form an unnamed new publicly traded company valued at over $21 billion. “This is a rare opportunity to create a global live sports and entertainment pureplay built for where the industry is headed,” said Ariel Emanuel, CEO of Endeavor, in a statement.
Vince McMahon will continue on at the new company, retaining his current title at WWE as executive chairman. The wrestling bigwig said in a statement that the new company “will be well positioned to maximize the value of our combined media rights.” READ MORE: The Bella Twins Are Leaving WWE: ‘It Was Time To Head Into This Next Chapter’ Until now, WWE has been a family business, with McMahon purchasing the pro wrestling company from his father in the 1980s.
Under his leadership, the company became a massive entertainment empire. Last year McMahon stepped down as CEO over a scandal involving hush money and sexual harassment.
In January, he returned to WWE as a board member. Talking about his decision to stay on with the newly merged company, McMahon said in a statement, “I love what I do.
Read more on etcanada.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.