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entertainment media/telecom

Endeavor To Buy WWE and Merge It With UFC to Form New Company

By
Sahil Patel
· · Source: The Information

Endeavor Group Holdings, the entertainment firm that owns Hollywood agencies and live sports businesses, has agreed to acquire a controlling stake in WWE by forming a new public company that combines the wrestling powerhouse with mixed-martial arts promoter UFC. The new public holding company will be owned 51% by Endeavor, while existing WWE shareholders will own the remaining 49%. This means...

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