Endeavor, the parent company of UFC, acquired World Wrestling Entertainment in a merger that values the WWE at $9.3 billion, forming a worldwide combat sports behemoth, the companies say in a joint announcement.
April 3, 2023, 10:37 AMRoman Reigns wrestles Cody Rhodes for Undisputed WWE Universal Title Match during WrestleMania Goes Hollywood at SoFi Stadium, April 02, 2023 in Inglewood, Calif.Endeavor, the parent company of UFC, acquired World Wrestling Entertainment on Monday in a merger that values the WWE at $9.
Ultimately, Endeavor will retain a 51% controlling interest in the new company and WWE will hold the other 49% share. Leon Edwards in action against Kamaru Usman during their world welterweight title fight, in London, March 18, 2023.UFC and WWE brought in a combined $2.4 billion in revenue during fiscal year 2022, marking 10% annual revenue growth since 2019, the announcement said.MORE: No evidence of TikTok national security threat but reason for concern, experts say
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