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WWE & UFC Merge
Ed Monix:
WWE and UFC have completed a $21.6 billion merger and launched under a new name, TKO.
UFC owners Endeavour Group Holdings control 51% of the new public trading company, TKO Group Holdings, while WWE shareholders have 49%.
The business is led by Endeavour chief executive Ari Emanuel. "The creation of TKO marks an exciting new chapter for UFC and WWE as leaders in global sports and entertainment," said Emanuel. "With UFC and WWE under one roof, we will provide unrivalled experiences for more than a billion passionate fans worldwide."
Dana White has become the UFC's new CEO and Vince McMahon has been appointed as TKO's executive chairman.
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Source: BBC
perks-a-beast:
Insane. I don’t give a crap about UFC, but have been a WWE Fan since it’s glory days back in the late nineties. Crazy to think it’s pretty much over.
Roy H.:
Vince is still associated with the brand? They couldn't force him out somehow?
Celtics2021:
I’m really impressed they made it through DOJ review.
BASS_THUMPER:
*sippin*
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