WWE in talks for potential sale to UFC parent company Endeavor.

1 min read
Source: CNBC
WWE in talks for potential sale to UFC parent company Endeavor.
Photo: CNBC
TL;DR

World Wrestling Entertainment (WWE) is in advanced talks to be sold to Endeavor Group, the parent company of UFC, with a deal expected to be announced as soon as Monday. The two companies are expected to form a new publicly traded company, with Endeavor owning 51% and WWE shareholders owning 49%. The deal values WWE at $9.3 billion and effectively ends its decades-old status as a family-run business. Vince McMahon is expected to be executive chairman, while Ari Emanuel will act as chief executive of both Endeavor and the new company.

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