Dana White Silver Lake Vince Macmahon Ari Emanuel Mark Shapiro Egon Durban New York Atlanta city Durban information president sports google CEO Provident Enterprise Dana White Silver Lake Vince Macmahon Ari Emanuel Mark Shapiro Egon Durban New York Atlanta city Durban

WWE, UFC Merger Is Official: New TKO Group Unveils Growth Strategy, Board, As Stock Set To Hit NYSE

Reading now: 791
deadline.com

UFC, the mixed martial arts powerhouse, has officially tied the knot with Vince McMahon’s professional wresting juggernaut WWE, creating a new company called TKO Group that starts trading on the New York Stock Exchange today.

Execs from both sides will be ringing the NYSE opening bell to celebrate “a new premium sports and entertainment company serving more than one billion young and diverse fans, reaching viewers in 180 countries, and producing more than 350 annual live events,” according to UFC parent Endeavor, which is banking on new content, international expansion and an easy-to-understand investment thesis for Wall Street.

Endeavor will own 51% of TKO (technical knockout, in wrestling parlance), with WWE shareholders holding 49%. As reported, Endeavor CEO Ari Emanuel is TKO’s chief executive and McMahon, who has been the face of WWE for decades, its executive chairman.

Endeavor president and COO Mark Shapiro has the same role at TKO. Dana White remains CEO of UFC, Lawrence Epstein COO. Nick Khan is president of WWE (Raw, SmackDown).

Read more on deadline.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA