BREAKING NEWS– WWE To Be Sold To Venture Group, UFC/WWE Merger?
CNBC is reporting that WWE remains in really “advanced talks” to be offered to Endeavor Group. For those uninformed, Endeavor is the moms and dad business of the UFC. There are some reports that the offer will be revealed as quickly as tomorrow, with the UFC and WWE forming a brand-new openly traded business.
Hollywood representative Ari Emanuel owns the Endeavor Group and would end up being the president of what would end up being a double business. Undertaking would own 51% of the brand-new UFC/WWE business, while WWE investors would hold the other 49%.
As far as Vince McMahon is worried, he would end up being an executive chairman of the brand-new business, working together with Endeavor President Mark Shapiro.
The strategy requires Dana White to stay President of UFC, while Nick Khan will continue to be the President of WWE.
Following the news of Vince McMahon’s in 2015, WWE shares have actually increased by 33%. The business is presently valued at $6.79 billion. The handle Endeavor would provide WWE a business worth of over $9 billion.
It appears that Triple H will continue to supervise WWE’s imaginative instructions. There is no word on if Stephanie McMahon will return following the sale.
If the offer goes through, the really outspoken Ari Emanuel, Dana White, and Vince McMahon would all be working for one huge business.