WWE to Merge with UFC to Form $21 Billion Entertainment Company

For months there have been rumors that the WWE was up for sale. Today it has been announced that Endeavor Group Holdings Inc. which owns UFC, is going to purchase the WWE and merge the two companies to form a $21.4 billion sports entertainment company.

Endeavor announced that a new publicly traded company will be formed with Endeavor taking 51% controlling interest and the WWE shareholders holding a 49% stake

WWE Chairman Vince McMahon will remain in charge of the WWE, here’s what he had to say about the merger.