CNBC reports that the parent company of the UFC, Endeavor, is set to purchase World Wrestling Entertainment. According to the report, it appears that the UFC and WWE will be combined to form a new publicly traded company.
WWE is having its best financial year to date and the second night of its annual big event Wrestlemania is set for Sunday at SoFi Stadium in Inglewood, California.
The deal would give WWE an enterprise value of $9.3 billion. Endeavor would own 51% of the company with 49% going to WWE.
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