Tag Archives: Endeavor
Ari Emanuel Discusses WWE/Netflix Deal, Push To Streaming Content & More
In an interview with CNBC’s Squawk On The Street, Endeavor/TKO CEO Ari Emanuel discussed several topics, including the WWE/Netflix deal, the push to streaming content and much more. Emanuel said that the financial terms of the Netflix deal are in line with the stock market’s expectations, when it came to the increase for WWE RAW’s Continue Reading »
Endeavor Announce Close Of UFC & WWE Transaction To Create TKO Group Holdings, A Premium Sports & Entertainment Company
WWE and Endeavor issued the following: ENDEAVOR ANNOUNCES CLOSE OF UFC® AND WWE® TRANSACTION TO CREATE TKO GROUP HOLDINGS, A PREMIUM SPORTS AND ENTERTAINMENT COMPANY New Company to Begin Trading Today, September 12, on the New York Stock Exchange Under “TKO” Ticker Symbol BEVERLY HILLS, Calif. & STAMFORD, Conn. (September 12, 2023) – Endeavor Group Continue Reading »
Endeavor & WWE Deal Expected To Close On September 12th
WWE sent out the following: ENDEAVOR AND WWE® DEAL TO CREATE TKO GROUP HOLDINGS EXPECTED TO CLOSE SEPTEMBER 12 Upon close, TKO will list on New York Stock Exchange, begin public trading BEVERLY HILLS, Calif. & STAMFORD, Conn. (September 7, 2023) – Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor”) and World Wrestling Entertainment, Inc. (NYSE: Continue Reading »
Update On Planned WWE/UFC Merger; Board Members Announced
In an update on the planned WWE-UFC merged company, TKO Group Holdings, ten of the eleven board members have been revealed, with WWE to appoint one more individual, according to a recent SEC filing, while the expectation is that the merger will be finalized in mid-to-late September 2023. The announced names on the TKO Group Continue Reading »
Endeavor Expecting WWE/UFC Merger To Be Finalized Next Month
Endeavor announced in their Q2 Earnings release that the company expects that their acquisition of World Wrestling Entertainment (WWE) will close in mid-to-late September, and that upon completion, they plan to merge WWE with UFC into one public company called TKO Group Holdings Inc. Endeavor previously announced the acquisition of WWE back in April during Continue Reading »
Update On Planned WWE/UFC Merger, New Company Name & More
In an update on Endeavor agreeing to acquire WWE and merge the company with UFC to form a new sports and entertainment company moving forward, an Endeavor spokesperson confirmed to CNBC’s Alex Sherman and Mike Calia that the new company will be called TKO Group Holdings. While the deal has not been formally finalized, the Continue Reading »
Update On WWE Sale Talks & How Many Potential Buyers Had Interest
In an update on Endeavor agreeing to acquire WWE and merge the company into a new company alongside UFC, a filing with the SEC notes that more than sixty prospectors got in touch with WWE’s financial advisors during sale talks, with the company selecting and entering confidentiality agreements with twenty of those between February and Continue Reading »
Dana White Issues Statement On WWE & Endeavor Deal
In a statement on his official social media channels, UFC President Dana White issued a statement on the news that Endeavor, the parent company of UFC, have agreed a deal to purchase the WWE. The statement reads, “This company has been on fire for the last seven years and now that we will be adding Continue Reading »
Update On WWE/Endeavor Sale; Several Executives To Receive Bonuses
In an update on the report that Endeavor have agreed to a deal to purchase the WWE, a new SEC filing has revealed that per the sale of the company, Nick Khan will receive a $15 million bonus, with Paul “Triple H” Levesque and Frank Riddick to receive a $5 million bonus. The announcement from Continue Reading »
Vince McMahon Discusses Decision To Sell WWE To Endeavor
In an interview on CNBC’s Squawk On The Street, Vince McMahon discussed the decision to sell the WWE to Endeavor, who plan to merge the company with the UFC into a new company. “This is the biggest thing Ari Emanuel and Vince McMahon have ever done, combining forces like this, there’s nothing like this and Continue Reading »
Endeavor Announce Definitive Agreement To Purchase WWE; Will Merge Into Newly-Formed Company With UFC
WWE sent out the following: ENDEAVOR ANNOUNCES UFC® AND WWE® TO FORM A $21+ BILLION GLOBAL LIVE SPORTS AND ENTERTAINMENT COMPANY New, Publicly Listed Company to be 51% Owned by Endeavor and 49% by Existing WWE Shareholders Endeavor to Contribute UFC into Company at Enterprise Value of $12.1 Billion BEVERLY HILLS, Calif. and STAMFORD, Conn. Continue Reading »
Report: WWE Finalizing Deal To Sell The Company To Endeavor
WWE are said to be finalizing a deal that would see the company sold to Endeavor, the parent company of the UFC, with an announcement on a potential sale coming as soon as tomorrow, according to a report from Alex Sherman of CNBC. The report notes that as part of the agreement, the WWE and Continue Reading »