Endeavor, the father or mother firm of UFC, is reportedly near finalizing a deal to buy WWE. Followers reacted to the monumental information on social media.
Earlier this yr, Vince McMahon returned to the WWE after his “retirement,” to discover a sale of the corporate. McMahon had stepped apart with revelations of sexual misconduct and hush cash cost being reported by the Wall Road Journal.
There have been rumors about potential patrons, whether or not it was Comcast, Disney, or the Saudi Arabia Public Funding Fund. However on Sunday, simply earlier than the beginning of the second evening of WrestleMania 39, a bombshell report dropped courtesy of CNBC.
Based on CNBC’s Alex Sherman, WWE is in “superior talks” to be offered to Endeavor Group, the father or mother firm of the UFC owned by Ari Emanuel. If that is to be finalized, WWE and UFC can be merged into one public firm, the place Endeavor would personal 51-percent of it, whereas World Wrestling Leisure shareholders would make up the remaining 49-percent. With the deal, per Sherman, World Wrestling Leisure would earn an enterprise worth of $9.3 billion.
An official announcement is predicted to be made as quickly as Monday.
Clearly, wrestling and combined martial arts followers shared their ideas. Oh, and UFC star Conor McGregor additionally chimed in.
Followers react to WWE reportedly being offered to UFC father or mother firm: Finest memes, tweets
There are questions that followers are asking with this breaking information. Will Paul “Triple H” Levesque stay as Chief Content material Officer and head of artistic? Will World Wrestling Leisure comply with the UFC pay-per-view mannequin, and shrink back from their present format with NBC’s Peacock streaming service? It’s too early to inform, and extra particulars are sure to be revealed at a later date.
Here’s what the company management will appear to be with this sale, per Sherman:
Ari Emanuel can be government chairman of Endeavor and the brand new WWE/UFC public companyVince McMahon will function government chairmanEndeavor president Mark Shapiro can be in identical position with new companyDana White will nonetheless stay as UFC presidentWWE CEO Nick Khan can be president of the wrestling enterprise
Mere hours earlier than the 8:00 p.m. ET bell time for WrestleMania 39 at SoFi Stadium in Inglewood, Calif., the wrestling world has discovered that WWE is near being offered and becoming a member of forces with the identical father or mother firm because the UFC.
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