The merger date is set.
WWE and Endeavor announced that Endeavor's deal to purchase WWE and merge the promotion with UFC to form TKO is expected to close on September 12.
BEVERLY HILLS, Calif. & STAMFORD, Conn.--(BUSINESS WIRE)--Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor”) and World Wrestling Entertainment, Inc. (NYSE: WWE) (“WWE”) today announced they expect to close the previously announced transaction to form TKO Group Holdings, Inc. (“TKO”) on September 12, 2023, at which time TKO will begin trading on the New York Stock Exchange under the ticker symbol “TKO”.
The deal between Endeavor and WWE was announced on April 3.
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 continue to update fans on the sale and merger becoming official when more is known.
