Vince McMahon

Vince described the union between WWE and Endeavor as the biggest thing that he and Emanuel have ever done. When Wapner mentioned the Saudis and Liberty Media ...

In the weeds, which I always loved to get in the weeks in the past, no, I can’t do that.” Emanuel, who previously said Endeavor won’t be involved in the creative process, said that if Vince wanted to return to television he would not stand in the way, though Vince downplayed the idea of the Mr. “It is what it is,” Vince said regarding that agreement along with him receiving a big payoff if the company is sold. Wapner asked Vince if he intends to be as involved in the WWE creative process as he has been in the past. Powell’s POV: Emanuel said he hopes that the new company will go public within four to six months, though he added that it depends on the government. He joked that he would have bodyslammed Vince if he thought he was going to leave. Vince said he’s owned up to every one of them and then moved on. Vince described the union between WWE and Endeavor as the biggest thing that he and Emanuel have ever done. Vince was asked if this is a good day for him. “It’s the right time,” Vince said of the deal with Endeavor. Vince was asked if the deal would have been made had it not been for his personal scandals. “It’s the right time to do the right thing. When Wapner mentioned the Saudis and Liberty Media having shown interest in acquiring WWE, Vince confirmed by saying “sure.”

The Fireside Chat brings you a very special LIVE episode talking WWE being sold to Endeavor and forming a new company with the UFC, all the WrestleMania fallout ...

[WWE sold to Endeavor, Vince McMahon speaks about transaction](https://www.pwtorch.com/site/2023/04/03/wwe-sale-to-endeavor-made-official-mcmahon-speaks-on-transaction/) [HERE](https://www.youtube.com/@pwtorch). SPOTLIGHTED PODCAST ALERT (YOUR ARTICLE BEGINS A FEW INCHES DOWN)...

Endeavor values WWE at $105.98 a share, but the wrestling company closed down 2% at $89.30 on Monday, decreasing the value of Vince McMahon's stake.

The sale of WWE for a stated $9.3 billion value to UFC parent Endeavor Corp. But that price may continue to decline in the months it will take to close the creation of the new company. is almost 30% greater than the highest market capitalization the wrestling company has ever seen. [sale](https://www.sportico.com/business/sales/2023/wwe-ufc-merger-endeavor-1234718167/) of [WWE](https://www.sportico.com/t/wwe/) for a stated $9.3 billion value to [UFC](https://www.sportico.com/t/ufc/) parent [Endeavor](https://www.sportico.com/t/endeavor/) Corp. A third factor could be that WWE shareholders will find themselves holding the bill for Endeavor’s purchase of UFC. [surprising return](https://www.sportico.com/personalities/owners/2023/vince-mcmahon-could-be-wwe-sale-bad-guy-1234701567/) from a six-month retirement to guide WWE to a sale has paid off: WWE shares are about $8 higher than their November peak without the elder McMahon in charge. For the list-conscious among us, that level probably isn’t enough for Vince to make the Forbes 400, the long-watched barometer of American business success. Investors generally don’t like to end up owning a business they didn’t want to own (which is a reason spinoffs often fall in value, for instance). To state the obvious.” Normally, when an acquisition is announced at a premium, shares jump to close to the deal price—or even higher if traders expect a better offer to come along. In a presentation to investors Monday, Endeavor says the deal values WWE at $105.98 a share. The result is McMahon, WWE’s controlling shareholder, will own about 19% of the yet-to-be-named merger of UFC and WWE.

WWE was sold to Endeavor on Monday morning and will merge with UFC to form a $21 billion dollar sports and entertainment company.

At closing, Endeavor intends to sweep all excess cash at UFC, and shareholders of the new company (other than Endeavor) are expected to receive a post-closing dividend. The listing of NewCo will expand the collective investor base to allow for broad market participation across Endeavor and NewCo. Dana White will continue in his role as President of UFC and Nick Khan will serve as President of WWE. McMahon continued, “Together, we will be a $21+ billion live sports and entertainment powerhouse with a collective fanbase of more than a billion people and an exciting growth opportunity. The transaction is expected to close in the second half of 2023. “This is a rare opportunity to create a global live sports and entertainment pureplay built for where the industry is headed,” said Ariel Emanuel, CEO of Endeavor. WWE issued a press release today confirming the news coming out of yesterday’s report from CNBC that Endeavor would acquire WWE and merge the company with UFC to create a new company. Upon close, Endeavor will hold a 51% controlling interest in the new company and existing WWE shareholders will hold a 49% interest in the new company. Together, UFC and WWE will have global reach, impressive scale and omnichannel distribution. “Together, we will be a $21+ billion live sports and entertainment powerhouse with a collective fanbase of more than a billion people and an exciting growth opportunity. (NYSE: WWE) (“WWE”) today announced that they have signed a definitive agreement to form a new, publicly listed company consisting of two iconic, complementary, global sports and entertainment brands: UFC and WWE. (NYSE: EDR) (“Endeavor”) and World Wrestling Entertainment, Inc.

Endeavor Group Holdings and the WWE unveiled an agreement to form a new public company consisting of two sports entertainment brands: UFC and WWE.

UFC and WWE will each contribute cash to the new company so that it holds approximately $150 million. We have a track record of success in media rights opportunities and we have upcoming media rights renewals at both companies on the horizon,” Endeavor’s Shapiro told the investors presentation. It puts an enterprise value of $12.1 billion on UFC and $9.3 billion on WWE, thereby getting into the “$21 billion-plus” territory. He also highlighted: “Together, we will be a $21-plus billion live sports and entertainment powerhouse with a collective fan base of more than a billion people and an exciting growth opportunity. He pointed to McMahon and his team’s track record of innovation and shareholder value creation, as Endeavor had represented WWE for 23 years. “We know this business and are confident in what Endeavor can deliver to unlock even more growth and profitability. “On a combined 2022 fiscal year-end basis, UFC and WWE achieved revenue of $2.4 billion and a 10 percent annual revenue growth rate since 2019.” The new company will be led by Endeavor CEO Ari Emanuel as CEO, who will also continue in the same role at the remaining Endeavor business, which includes talent agency WME and the likes of IMG. Dana White will continue in his role as president of UFC, with WWE CEO Nick Khan holding the same president title as White but at WWE. “Together, UFC and WWE will have global reach, impressive scale and omnichannel distribution,” the companies said. “The UFC and WWE both have valuable media rights through our world class IP. Endeavor will hold a 51 percent controlling interest in the new company, with existing WWE shareholders owning a 49 percent interest.

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McMahon had his own office at the taping and Chief Content Officer Triple H began Raw on the headset, running the taping. As the night went on, though, McMahon ...

Following Raw on Monday night many WWE fans have expressed their displeasure at Vince McMahon apparently running the show once again, and now it seems they ...

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