WWE and UFC officially merge in $21.4-billion deal
1 year, 3 months ago

WWE and UFC officially merge in $21.4-billion deal

LA Times  

Over 80,000 attend the first night of WrestleMania 39 at SoFi Stadium in April. Hollywood Inc. WWE and UFC will combine to form $21.4-billion sports giant Endeavor-owned UFC and WWE will merge to create a fighting sports and entertainment powerhouse led by Endeavor CEO Ari Emanuel. “The creation of TKO marks an exciting new chapter for UFC and WWE as leaders in global sports and entertainment,” Emanuel said in a statement. “Given 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.” “Given our collaborative, trusted relationship and Endeavor’s incredible track record of success growing UFC, we believe WWE is optimally positioned for future growth and success as part of TKO,” McMahon said in the statement. “Our focus remains on delivering for our fans across the globe as we take the business to the next level alongside UFC and Endeavor.” The colossal deal comes after a series of scandals rocked WWE.

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History of this topic

Former WWE CEO Vince McMahon reaches SEC settlement, to pay 1.7 million dollars
1 day, 13 hours ago

Former WWE CEO Vince McMahon reaches SEC settlement, to pay 1.7 million dollars

India Today  

The Securities and Exchange Commission announced on Friday that Vince McMahon, co-founder of World Wrestling Entertainment, will pay over 1.7 million dollars to resolve charges linked to undisclosed payment agreements stemming from sexual assault allegations. According to the SEC, McMahon bypassed WWE’s internal accounting controls, leading to significant inaccuracies in the company’s financial statements for 2018 and 2021. Vince McMahon …

TKO to acquire Professional Bull Riders and other Endeavor assets in $3.25-billion deal
2 months, 2 weeks ago

TKO to acquire Professional Bull Riders and other Endeavor assets in $3.25-billion deal

LA Times  

Professional bull riders compete during the PBR Unleash the Beast bull riding event in August at Barclays Center in New York. WWE and UFC owner TKO Group Holdings Inc. on Thursday said it will acquire three businesses from Beverly Hills-based Endeavor Group Holdings, including Professional Bull Riders, in the latest move by mogul Ari Emanuel to reconfigure his sports and …

Vince McMahon sells $311 million in stock to TKO and Endeavor in buyback
9 months ago

Vince McMahon sells $311 million in stock to TKO and Endeavor in buyback

LA Times  

Wrestling legend Vince McMahon has cashed out $311 million worth of his stock in TKO Group Holdings, the public company formed last April after Endeavor acquired World Wrestling Entertainment and merged it with the Ultimate Fighting Championship. In the first, Endeavor agreed to purchase 1.64 million shares of McMahon’s Class A common stock, worth $146.2 million at $89.01 a share. …

TKO Group to pay $335 million to settle class-action suit brought by former UFC fighters
9 months, 3 weeks ago

TKO Group to pay $335 million to settle class-action suit brought by former UFC fighters

LA Times  

TKO Group agreed to pay $335 million to settle two class-action lawsuits brought by former UFC fighters alleging that they were underpaid. TKO Group Holdings, the parent company of the Ultimate Fighting Championship, has agreed to pay $335 million to settle two class-action lawsuits brought by former UFC fighters, who alleged that the promotion firm engaged in anticompetitive behavior and …

Vince McMahon pockets STAGGERING fee just months after resigning as Executive Chairman of TKO following sex trafficking allegations... as the former WWE boss sells more than five million shares in the
10 months ago

Vince McMahon pockets STAGGERING fee just months after resigning as Executive Chairman of TKO following sex trafficking allegations... as the former WWE boss sells more than five million shares in the

Daily Mail  

Vince McMahon has pocketed a large fee after selling nearly 5.4million shares in WWE and UFC umbrella company TKO, it has been revealed. McMahon resigned from his position as Executive Chairman of TKO in January after he was swarmed by sex trafficking allegations, just months on from the multi-billion pound merger between WWE and UFC. Vince McMahon has pocketed around …

Vince McMahon resigns from WWE parent company after ex-employee files sex abuse suit
11 months, 2 weeks ago

Vince McMahon resigns from WWE parent company after ex-employee files sex abuse suit

Hindustan Times  

Wrestling icon Vince McMahon resigned Friday from WWE's parent company the day after a former employee filed a federal lawsuit accusing him and another former executive of serious sexual misconduct, including offering her to a star wrestler for sex. McMahon stepped down from his position as executive chairman of the board of directors at WWE’s parent company, TKO Group Holdings, …

Wrestling icon Vince McMahon resigns from WWE parent company after ex-employee files sex abuse suit
11 months, 2 weeks ago

Wrestling icon Vince McMahon resigns from WWE parent company after ex-employee files sex abuse suit

Associated Press  

STAMFORD, Conn. — Wrestling icon Vince McMahon resigned Friday from WWE’s parent company t he day after a former employee filed a federal lawsuit accusing him and another former executive of serious sexual misconduct, including offering her to a star wrestler for sex. McMahon stepped down from the his position as executive chairman of the board of directors at WWE’s …

Vince McMahon RESIGNS from WWE and UFC as the 78-year-old billionaire quits role as TKO's executive chairman - after ex-wrestling staffer accused him of sex trafficking and defecating on her head duri
11 months, 2 weeks ago

Vince McMahon RESIGNS from WWE and UFC as the 78-year-old billionaire quits role as TKO's executive chairman - after ex-wrestling staffer accused him of sex trafficking and defecating on her head duri

Daily Mail  

Vince McMahon has resigned from his position as Executive Chairman of TKO - the company formed by Endeavor after the $21billion WWE and UFC merger in September. Vince McMahon has resigned as Executive Chairman of UFC and WWE's parent company TKO Janel Grant is suing the 78-year-old, the WWE and another company executive Grant, who previously agreed to a $3million …

WWE Founder Vince McMahon Sells $700 Million In Shares Of TKO Stock
1 year, 2 months ago

WWE Founder Vince McMahon Sells $700 Million In Shares Of TKO Stock

News 18  

Business mogul and WWE Founder Vince McMahon seems to be making headlines again as the TKO Group, the Endeavor-controlled owner of the wrestling giant, released a statement announcing that McMahon is selling 8.4 million of the shares he owns in TKO stock, with a street value of over $700 million. TKO Group — the new company that holds both the …

What is TKO? The UFC and WWE merger explained
1 year, 3 months ago

What is TKO? The UFC and WWE merger explained

The Independent  

Sign up to our free sport newsletter for all the latest news on everything from cycling to boxing Sign up to our free sport email for all the latest news Sign up to our free sport email for all the latest news SIGN UP I would like to be emailed about offers, events and updates from The Independent. With the …

WWE and UFC Come Together as TKO on NYSE, Triple H Hails 'Historic Day'
1 year, 3 months ago

WWE and UFC Come Together as TKO on NYSE, Triple H Hails 'Historic Day'

News 18  

Paul Levesque, known also as Triple H, took to social media on Tuesday to share the news of WWE and UFC coming together to form a new company, with a launch of the company on the New York Stock Exchange. Meet TKO Group Holdings, Inc. a premium sports, entertainment, and media company made up of @ufc and @WWE.Join us in …

TKO Group, which houses WWE and UFC, begins trading on the New York Stock Exchange
1 year, 3 months ago

TKO Group, which houses WWE and UFC, begins trading on the New York Stock Exchange

Associated Press  

Shares of TKO Group, the new company that houses WWE and UFC, opened at $102 per share in their first day of trading on the New York Stock Exchange on Tuesday. In a presentation after the deal was announced in April, the WWE and Endeavor said that they will cross-promote to drive brand awareness and deepen penetration of their overlapping …

Is Vince McMahon’s era officially over at WWE?
1 year, 3 months ago

Is Vince McMahon’s era officially over at WWE?

Hindustan Times  

When WWE wrapped up the Monday Night RAW at the Norfolk Scope in Virginia, it marked the end of the McMahon era in professional wrestling. WWE and Endeavor, last week, issued a press release where they announced bringing the wrestling company and the UFC under the same umbrella to form a new publicly traded company named TKO Group Holdings. "Endeavor …

Former star wrestler weighs in on importance of merger between WWE and UFC
1 year, 8 months ago

Former star wrestler weighs in on importance of merger between WWE and UFC

Hindustan Times  

WWE and UFC's parent company Endeavour got merged earlier this month. UFC and WWE came together to form a a $21.4 billion sports entertainment company. “As far as the lights camera, the action, that that’s what WWE is really, really all about, that we got a piece of that just a little bit of what you know, perhaps is on …

WWE no longer just a family affair as it joins with UFC
1 year, 9 months ago

WWE no longer just a family affair as it joins with UFC

Associated Press  

WWE is saying goodbye to existing as a family-run business as it joins with the company that runs Ultimate Fighting Championship to create a $21.4 billion sports entertainment company. The deal announced Monday between Endeavor and World Wrestling Entertainment, on the heels of its biggest event of the year, catapults WWE into a new era after spending decades under the …

WWE Agrees To Merge With UFC To Create New Company Valued At $21.4 Billion
1 year, 9 months ago

WWE Agrees To Merge With UFC To Create New Company Valued At $21.4 Billion

ABP News  

UFC-WWE Merger: Ari Emanuel’s Endeavor-owned Ultimate Fighting Championship and billionaire Vince McMahon-owned World Wrestling Entertainment will be merging under one house, reportedly known as $TKO, to form a new, publicly listed company. Also, the merger might affect positions of WWE's Vince McMahon and UFC in-charge Dana White but an official confirmation is awaited on this. “For decades, Vince and his …

WWE is sold to Endeavor Group - who also own UFC
1 year, 9 months ago

WWE is sold to Endeavor Group - who also own UFC

Daily Mail  

WWE and UFC have agreed to a merge to form a new publicly-listed company to be controlled by Endeavor Group. Endeavor - who own UFC - will hold a 51 per cent stake in the combined company, while WWE shareholders will hold 49 per cent, according to the agreement. Endeavor - the parent company of UFC - has agreed to …

WWE and UFC will combine to form $21.4-billion sports giant
1 year, 9 months ago

WWE and UFC will combine to form $21.4-billion sports giant

LA Times  

Rhea Ripley reacts after winning the WWE Royal Rumble at the Alamodome in San Antonio. “Together, we will be a $21+ billion live sports and entertainment powerhouse with a collective fanbase of more than a billion people and an exciting growth opportunity,” McMahon said in a written statement Monday. “We’ve casually mentioned over the years since we got into sports …

WWE, UFC to merge into $21bn entertainment company
1 year, 9 months ago

WWE, UFC to merge into $21bn entertainment company

Al Jazeera  

Deal unites two of the biggest names in wrestling and entertainment and caps a months-long sale process for WWE. A new publicly traded company will house UFC and WWE brands, with Endeavor Group Holdings Inc taking a 51 percent controlling interest in the new company. The deal unites two of the biggest names in wrestling and entertainment and caps a …

UFC and WWE will team up to form a $21.4 billion sports entertainment company
1 year, 9 months ago

UFC and WWE will team up to form a $21.4 billion sports entertainment company

NPR  

UFC and WWE will team up to form a $21.4 billion sports entertainment company Enlarge this image toggle caption WWE via AP WWE via AP WWE and the company that runs Ultimate Fighting Championship will combine to create a $21.4 billion sports entertainment company. A new publicly traded company will house the UFC and World Wrestling Entertainment brands, with Endeavor …

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