The Legal Submission 55 takes a look at the acquisition of the WWE by Endeavor and the merger of the UFC and the WWE.
Endeavor
WWE-UFC combine for NewCo
A night after the WWE’s biggest event, the company announced that it would be acquired by the UFC’s parent company Endeavor. The WWE and UFC will merge into a publicly traded company with the moniker TKO. The acquisition is an all-stock transaction that list the enterprise value of WWE at $9.3 billion. In comparison, the […]
Endeavor announces Q4 earnings, UFC doing well
UFC parent company announced its earnings for the fourth quarter of 2022 and the promotion once again proved that the acquisition was worth it. Overall, in 2022, Endeavor saw revenue of $5.268 billion. However, sales dipped 16% to $1.26 billion in the fourth quarter of 2022. Also, of note, it did not appear that Dana […]
Endeavor says its willing to open up renewal talks sooner than later
Speaking at an investor’s conference earlier this week Endeavor president Mark Shapiro indicated that it may open the conversation of renewal with Disney sooner than later. This would pave the way for the UFC to continue on ESPN and its digital platform. Deadline first reported the possibility as well as Sportico. Shapiro spoke at a […]
Endeavor COO talks fighter pay during earnings call
On Thursday, Endeavor had its quarterly earnings call which included some information on the UFC and how its positively impacting the company earnings. Fighter pay once again came up as company officials had to tow the line on the controversial issue. Endeavor’s sports properties, specifically the UFC and Pro Bull Riding saw a 5% increase […]