UFC reportedly to buy WWE

Hours before its signature event, WrestleMania 39, got underway Sunday at SoFi Stadium in Inglewood, California, a report on CNBC.com indicated that UFC parent company Endeavor was poised to purchase the WWE, the world’s leading wrestling brand, in a mega-deal.

CNBC reported that Endeavor would acquire a 51% stake in WWE and merge it with UFC in a new company that would be headed by Endeavor CEO Ari Emanuel.

WWE CEO Nick Khan did not respond to requests for comment from Yahoo Sports.

Endeavor acquired controlling interest in the UFC in a massive $4.25 billion deal in 2016. It bought out the remaining shareholders in 2021 to become 100% owners. On the Endeavor earnings call Feb. 28, Emanuel said revenue in its owned sports division was $301.4 million, up 9% year over year. He credited that to higher rights fees at UFC, pay-per-view revenue, sponsorship and licensing.

more at yahoo.com

Ask me anything

Explore related questions

> World

CNBC reported that Endeavor would acquire a 51% stake in WWE and merge it with UFC in a new company

Ask me anything

> Latest Stories

Airbnb banned in apartment buildings where the building regulations allow residential use only

Greece: Today the worst day of the Heatwave – Which areas are expected to see rain

Crisis escalates in the Strait of Hormuz: “We hit two more tankers,” say the Revolutionary Guards

Court puts “brake” on $110 billion paramount–Warner Bros. merger

Trump: Every time Iran kills an American soldier, it will pay a much higher price

Mitsotakis on OPEKEPE: “There are questions about the European Public prosecutor’s office – their job is to bring solid cases to trial”

Operation Armed Forces: Defense Ministry’s new strategy to attract young people to Military Academies

Oil prices retreat, falling below $88 a barrel

> Greece

In reverence, the emotional deposition in Jerusalem, see photos & video

The Holy Temple of the Resurrection opened after many days due to the war between Israel and Iran

In the final stretch for the accreditation of joint master’s degrees: Aiming for their launch in the coming academic year

Schedule for Epitaph Procession today (10/4)

Perfect weather for Easter excursions, according to Tsatrafyllia’s forecast

Easter in Greece: The customs that continue in Greek tradition – From Nafpaktos to Corfu

> World