UFC Parent Company Purchases WWE, Conor McGregor And Others React

Endeavor, the parent company for the UFC has bought the WWE with plans to combine the two into a publicly traded company, fighters react.

Credit WWE

It seems that the UFC and the WWE are joining forces, in a way. 

There has been a huge merger of sorts in the world of combat sports. The parent company of the UFC, Endeavor has made a move to purchase the World Wrestling Entertainment (WWE) by obtaining a majority stake and taking 51 percent control of the company. Endeavor now holds the rights to two of the biggest combat sports franchises in the world. 

The plan for these companies is to combine their assets of them and form one publicly traded company. Each will remain its own entity and will continue to be run by the same people as before the purchase, Dana White for the UFC and Nick Khan for the WWE.

According to a report by CNBC, Ari Emanuel, the CEO at Endeavor, will become the executive chairman of the combined company. Mark Shapiro will be named eth president and chief operating officer of the new company. 

“This is a rare opportunity to create a global live sports and entertainment pureplay built for where the industry is headed,” Emanuel said in a press release. “For decades, Vince and his team have demonstrated an incredible track record of innovation and shareholder value creation, and we are confident that Endeavor can deliver significant additional value for shareholders by bringing UFC and WWE together.”

Stars from the UFC and WWE react to the news of the purchase

Some of the biggest stars and media from around the sports world took to Twitter to express their congratulations to the UFC, Endeavor, and the WWE on this historic move. 

The news is still fresh, but there is no doubt that athletes from both companies will continue to voice their opinions on this partnership. In the acquisition, the UFC was set at a value of 12 billion dollars. This tidbit alone will probably add to the ongoing debate about fighter pay. 

Published on April 3, 2023 at 10:37 am
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