Kemo
04-03-2023, 08:23 PM
It was officially announced today that Endeavor will acquire WWE with the idea of merging the company with the UFC to form a new publicly traded combat sports company.
Vince McMahon stated in the press release that it was "the best outcome for our shareholders and other stakeholders."
Wrestlenomics' Brandon Thurston reports there will be a meeting with employees this afternoon at 4 PM Eastern. McMahon sent out a message to employees before the meeting regarding the sale of the company.
The Message
The transaction of the sale is expected to be completed by the end of this year. McMahon sent the following to employees:
“I’m excited to announce that WWE has entered into a partnership with Endeavor to create a one-of-a-kind company that will bring together two global sports and entertainment powerhouses: WWE and UFC.
The historic alliance of these two formidable institutions has the potential to unlock vast growth opportunities for both organizations and generate an optimal outcome for our employees, shareholders, fans, and other stakeholders.
We are huge admirers of the work Endeavor has done to grow the UFC brand, and they will be the perfect partner to help supercharge our growth at WWE.”
Vince McMahon stated in the press release that it was "the best outcome for our shareholders and other stakeholders."
Wrestlenomics' Brandon Thurston reports there will be a meeting with employees this afternoon at 4 PM Eastern. McMahon sent out a message to employees before the meeting regarding the sale of the company.
The Message
The transaction of the sale is expected to be completed by the end of this year. McMahon sent the following to employees:
“I’m excited to announce that WWE has entered into a partnership with Endeavor to create a one-of-a-kind company that will bring together two global sports and entertainment powerhouses: WWE and UFC.
The historic alliance of these two formidable institutions has the potential to unlock vast growth opportunities for both organizations and generate an optimal outcome for our employees, shareholders, fans, and other stakeholders.
We are huge admirers of the work Endeavor has done to grow the UFC brand, and they will be the perfect partner to help supercharge our growth at WWE.”