UFC parent company takes majority stake in WWE to form $31 billion combat sports giant read full article on indianwallah.in

The UFC and WWE are merging to create an enormous leisure corporate value tens of billions of greenbacks.

Global Wrestling Leisure and Enterprise Crew Holdings Inc, which owns and operates the Final Combating Championship, are combining combating forces in a transfer value a reported $US21 billion ($31 billion).

Enterprise will take a 51 consistent with cent stake in WWE, the pro wrestling outfit operated via Vince McMahon.

McMahon plans to stay with the corporate, to be led via present Enterprise leader government Ari Emanuel.

The mixed corporate, which can be traded publicly beneath the TKO image, will tackle a brand new identify, and McMahon mentioned the mixed entity will focal point right away on maximising shared media rights.

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