Vince McMahon returned to WWE back in January to pursue a sale of the company and it has been announced that WWE has reached an agreement to sell to Endeavor and merge the company with UFC. Brandon Thurston of Wrestlenomics is reporting that Vince McMahon sent the following message to employees regarding the sale:
“I’m excited to announce that WWE has entered into a partnership with Endeavor to create a one-of-a-kind company that will bring together two global sports and entertainment powerhouses: WWE and UFC.”
“The historic alliance of these two formidable institutions has the potential to unlock vast growth opportunities for both organizations and generate an optimal outcome for our employees, shareholders, fans, and other stakeholders.”
“We are huge admirers of the work Endeavor has done to grow the UFC brand, and they will be the perfect partner to help supercharge our growth at WWE.”
It was also noted that there will be an all employee meeting today at 4 PM EST, and the management team following the merger is as follows:
Ari Emanuel – Endeavor & NewCo CEO
Vince McMahon – NewCo Exec Chairman
Mark Shapiro – Endeavor & NewCo Pres./COO
Jason Lublin – Endeavor CFO
Andrew Schleimer – NewCo CFO
Dana White – UFC Pres.
Lawrence Epstein – UFC COO
Nick Khan – WWE Pres.
Stay tuned for more updates as they become available.
