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

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 team have demonstrated an incredible track record of innovation and shareholder value creation, and we are confident that Endeavor can deliver significant additional value for shareholders by bringing UFC and WWE together.” As per the release, 11 members of the board of directors — six selected by UFC and five by WWE - will be named on a later date. “Given the incredible work that Ari and Endeavor have done to grow the UFC brand – nearly doubling its revenue over the past seven years – and the immense success we've already had in partnering with their team on a number of ventures, I believe that this is without a doubt the best outcome for our shareholders and other stakeholders,” McMahon added in the joint statement by WWE and UFC.