Follow usUFC, the mixed martial arts company, has officially merged with Vince McMahon’s professional wrestling company, WWE; the merged company will be named TKO Group as the stocks of the new company are listed on the NY Stock Exchange.
The merger was shared today before the opening of the market. TKO Group Holding shares are up almost 1% at $101.44.
BREAKING: WWE and UFC Officially Merge To From TKO Group
John Cena commented on the merger and said.
“Another historic moment in the evolution of the sports-entertainment industry. Congratulations to everyone involved in today’s massive announcement.” pic.twitter.com/SWnR3KXPlj
— Sulaiman Ahmed (@ShaykhSulaiman) September 12, 2023
McMahon gave control of his company that his father created for the 1st time ever as Endeavor will own 51% of the TKO Group while WWE owns the remaining 49%. Endeavor chief Ari Emanuel becomes TKO’s chief executive. Vince will be the executive chairman.
Dana White will keep his role as the CEO of the UFC. Nick Khan will be the president of the WWE.
“The creation of the merged company creates an inspiring new chapter for UFC and WWE as leaders in the combat sport and entertainment,” shared chief Emanuel.
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