Endeavor (NYSE: EDR), the parent company of UFC, was featured in a recent Fox Business article that discussed the company’s deal to acquire World Wrestling Entertainment Inc. (NYSE: WWE) from Vince McMahon and form a new public company. “Endeavor will hold a 51% controlling interest in the new company while WWE shareholders will have a 49% stake. The deal values UFC at $12.1 billion and WWE at $9.3 billion. The announcement comes hours after WWE hosted WrestleMania 39 in Inglewood, California,” the article reads. “This is a rare opportunity to create a global live sports and entertainment pureplay built for where the industry is headed,” Endeavor CEO Ari Emanuel was quoted as saying.
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About Endeavor Group Holdings Inc.
Endeavor is a global sports and entertainment company, home to many of the world’s most dynamic and engaging storytellers, brands, live events and experiences. The company is comprised of industry leaders including entertainment agency WME; sports, fashion, events and media company IMG; and premier mixed martial arts organization UFC. The Endeavor network specializes in talent representation, sports operations and advisory, event and experiences management, media production and distribution, experiential marketing and brand licensing.
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