In the unfolding saga of the ambitious merger between WWE and UFC, fresh details emerge on Endeavor's timeline to finalize this union. A few months ago, the industry was set abuzz when a surprise announcement revealed that WWE and UFC would be converging under the wing of parent company Endeavor to form a staggering $21+ billion conglomerate.
Endeavor Leads, WWE Shareholders Follow
Details outlined in the initial press release indicated a strategic blueprint for the newly-formed entity: “Endeavor will anchor a 51% controlling stake, allowing the existing WWE shareholders to retain 49% interest.
The leadership will feature Emanuel as the Chief Executive Officer, continuing in parallel with his duties as CEO of Endeavor. Assisting him in the helm will be McMahon, designated as the Executive Chairman of the Board, and Mark Shapiro who will shoulder dual roles - President and Chief Operating Officer of both Endeavor and the new establishment.
UFC's Dana White remains undeterred as its President, while Nick Khan takes the reins as WWE's President. The 11-member Board of Directors, to be appointed, will observe a 6:5 split favoring Endeavor." A revelation that followed christened the emerging entity as "TKO Group Holdings." While earlier discussions indicated a broad window for the merger's closure set for the latter half of 2023, a recent update from Deadline has now honed in on a more precise target.
The anticipated union is set to conclude by mid- to late-September, narrowing down from the prior expansive expectation of anytime in H2 2023. In the backdrop of this merger, Vince McMahon, who is slated to be the Executive Chairman of TKO Group Holdings, has been taking time off for medical recuperation.
Following a significant spinal surgery just last month, McMahon's health has been a point of concern. In parallel, a looming shadow of a federal probe, stemming from accusations of sexual misconduct and alleged hush money transactions, continues to be a storyline worth observing as these corporate giants move closer to their merger.