The WWE, which has been exploring a potential sale over the past few months, is in the process of being acquired by UFC parent Endeavor Group Holdings. Word circulated Sunday that a deal was immine…
Word circulated Sunday that a deal was imminent, and Deadline sources confirmed as much. But the publicly traded deal partners had no official comment. CNBC had the first report of the transaction crossing the finish line. A formal announcement of the deal is expected as soon as Monday.
Led by Ari Emanuel, Endeavor had long been been seen as a front-runner to acquire WWE. Plans call for the wrestling circuit to be combined with the mixed martial arts of UFC in a new, separate combat sports giant.Merger Morass: NAB Rips FCC For Trying To Send $8.6B Tegna-Standard General Deal To "Regulatory Purgatory"
WWE remains a TV ratings juggernaut and a major presence in streaming, with news of the Endeavor team-up coming on the same weekend as the 39th edition of Wrestlemania, its annual extravaganza held this year in LA. NBCUniversal’s Peacock in 2021 took over the WWE’s formerly stand-alone streaming service, adding pay-per-view events and other programming to its premium subscription tier.
Vince McMahon owns about 40% of WWE and has 80% of the voting control of its stock. The exec’s standing with the company he took over from his father four decades ago suddenly came into question last year after word surfaced of multiple payments to women over sexual harassment claims. He stepped aside as CEO for several months before returning to the company as chairman in January. McMahon repaid $17.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WWE near deal to be sold to UFC parent Endeavor, sources sayWWE and Endeavor Group are in advanced talks for a deal that would merge Vince McMahon's wrestling and media company with UFC, sources say
Read more »
WWE just made the dreams of 20 Make-A-Wish kids come trueCody Rhodes, Finn Balor, Carmella, Liv Morgan and announcer Alicia Taylor of the WWE teamed up to pay a visit and interact with families through the Make-A-Wish program at Universal Studios on Frid…
Read more »
Vince McMahon Signs Two Year Deal to Remain in Charge of WWESo you thought Vince McMahon was only sticking around for those sale and media rights negotiations, did you? It seems McMahon has other ideas. VinceMcMahon WWE
Read more »
2023 WrestleMania 39 preview: 4 things to know about WWE's biggest event of the yearUnless you live under a rock — not 'The Rock' — you're likely aware of WWE and WrestleMania, the professional wrestling promotion's biggest annual event taking place for the 39th time.
Read more »
A comprehensive guide to WrestleMania 39, WWE's biggest event of the yearWrestleMania comes to Los Angeles this weekend, with Cody Rhodes challenging Roman Reigns for the Undisputed WWE Universal Championship.
Read more »
WWE WrestleMania 39: Predictions, preview, how to watchWrestleMania 39, World Wrestling Entertainment’s biggest show of the year, takes place April 1-2 at SoFi Stadium in California. Here’s a look at the card and predictions for the show.
Read more »