WWE And UFC Merge On Tuesday: Here's What You Need To Know
Portfolio Pulse from AJ Fabino
World Wrestling Entertainment, Inc (WWE) is set to merge with UFC parent company Endeavor Group Holdings Inc (EDR) on Tuesday. The new company, TKO Group Holdings, will be traded on the NYSE under the ticker 'TKO' and is valued at $21 billion. Vince McMahon will retain his executive chair at WWE and step into the executive chair position of the new company, securing a 16% ownership stake. Endeavor will own 51% of TKO, while WWE's factions will retain 49% control.
September 11, 2023 | 9:30 pm
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POSITIVE IMPACT
Endeavor is merging with WWE to form a new company, TKO Group Holdings. Endeavor will own 51% of the new company.
The merger with WWE could potentially increase Endeavor's market reach and value, which could positively impact its stock price in the short term. However, the long-term impact will depend on the success of the new company, TKO Group Holdings.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
WWE is merging with Endeavor to form a new company, TKO Group Holdings. Vince McMahon will retain his executive chair at WWE and secure a 16% stake in the new company.
The merger with Endeavor could potentially increase WWE's market reach and value, which could positively impact its stock price in the short term. However, the long-term impact will depend on the success of the new company, TKO Group Holdings.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100