UFC and WWE Are Merging Into One Mega Combat Sport Company
Not since Hulk Hogan body slammed Andre the Giant has the world of professional wrestling felt a bigger impact: Endeavor Group, the parent company of UFC, has announced a merger with the WWE to create a new company valued at over $21 billion, per CNN.
Endeavor will own 51% of the entity, while WWE shareholders will get 49%.
“This is a rare opportunity to create a global live sports and entertainment pureplay built for where the industry is headed,” said Endeavor CEO Ariel Emanuel in a statement.