An update on the WWE-UFC merger.
While giving their second quarter earnings presentation, it was stated that Endeavor plans to close the WWE-UFC merger in mid-to-late September. Once the two companies merge, they will be known as TKO Group.
"Transaction to combine UFC and WWE within TKO Group Holdings, Inc. expected to close in mid- to late September 2023."
The Endeavor sale to WWE was announced on April 3, the night after WrestleMania 39. In 2016, UFC's parent company, Zuffa, was sold to a group led by Endeavor. In 2021, Endeavor bought 100% of the company by buying out the remaining Zuffa holders.
It was previously said the the sale was expected to be finalized in the second half of 2023.
Endeavor CEO Ari Emanuel will be the CEO of TKO Group, while Vince McMahon, WWE’s controlling shareholder, will serve as executive chairman of the new company. Endeavor will own a 51% stake. WWE shareholders will get the remaining 49%.
Fightful will provide more information on the sale, and when it is officially completed, when the information is known.
Fans can find WWE's second quarter earnings report by clicking here.
