Endeavor, owner of a mixed martial arts championship UFC (from English Ultimate Fighting Championship), Monday announced that it would buy wrestling company World Wrestling Entertainment – known by its English acronym WWE – with the aim of creating a US$21,000 million sports and entertainment giant.
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In a statement, Endeavor indicated that its purchasing operations, with closure is planned for the second half of 2023will unite the Ultimate Fighting Championship (UFC) and World Wrestling Entertainment (WWE) brands under the same umbrella in one company, which will be named later and will also go public.
According to the details disclosed, the resulting company will be controlled by Endeavor (51%) and its board of directors will include Ariel Emanuel (Endeavor) as CEO, Vincent McMahon (WWE) as executive president and Mark Shapiro (Endeavor) as president and head of operations.
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