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 […]
WWE
Report: Endeavor set to purchase WWE
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 […]
SEC filing reveals McMahon’s new compensation
A Securities and Exchange Regulatory Filing filed on Friday reveals that Vince McMahon will be paid $7.6 million in salary and will receive an even bigger upside if the company is sold. Voted on March 29, 2023 and retroactive to McMahon’s return on January 9th of this year McMahon will serve as Executive Chairman on […]
WWE looking to seek gambling regulation
According to a report from CNBC, WWE is looking to gambling regulators in Michigan and Colorado to seek action on its scripted matches. As one might expect, it is being met with skepticism. The State of Colorado issued a statement on the prospects of gambling on WWE. In its release, it stated, “wagers on events […]
Stephanie McMahon resigns as co-CEO of WWE
Stephanie McMahon announced her resignation from WWE as co-CEO of the company. The move comes a couple days after Vince McMahon was re-instated as Chairman of the Board of WWE. McMahon announced her resignation in a social media post Tuesday afternoon. This past Spring, McMahon announced a sabbatical from the company to focus on family. […]