UFC Parent Endeavor Set to Acquire WWE in Major Deal

Endeavor Group Holdings has agreed to acquire World Wrestling Entertainment (WWE) for an enterprise value of about $9.3 billion, creating a combined business valued at over $21 billion. Endeavor will hold a 51% controlling interest in the new company, with existing WWE shareholders holding a 49% interest. The acquisition will combine WWE with Endeavor's Ultimate Fighting Championship, with the aim of becoming the undisputed king of combat entertainment. Vince McMahon, WWE's controlling shareholder, will remain involved in the business after the deal, as will Nick Khan, the company's CEO.