Update on WWE after UFC parent company reportedly buys Vince McMahon’s global empire

Add as a preferred source on Google

Vince McMahon pummeling his way into the WWE Board of Directors with the sole intention of selling the company is finally coming to fruition. While any official announcement is yet to be given, a WWE – UFC partnership is expected to commence.

After reportedly passing on some heavy hitters, WWE (read Vince McMahon himself) has landed on a new owner and that’s the world’s number-one MMA promotion UFC (Ultimate Fighting Championship) parent company, Endeavor Group Holdings.

Although Saudi Arabia Public Investment Fund and NBC parent company Comcast were said to be the front runners to take over the WWE, Endeavor had that massive cash inflow to emerge as the highest bidder amongst all of them.

The news was first broken by CNBC who also informed that the WWE sale deal should be made public tomorrow around the Raw after Wrestlemania 39 edition in LA to announce a publicly-traded company. Here’s more from what the source had to offer,

“Vince McMahon’s World Wrestling Entertainment is in advanced talks to be sold to Ari Emanuel’s Endeavor Group, the parent company of UFC, according to people familiar with the matter.

A deal could be announced as soon as Monday. UFC and WWE are expected to form a new publicly traded company as part of the agreement, according to the people, who declined to be named due to the confidential nature of the discussions.

It was added that UFC owners will have 51% of the stock, making them the majority of shareholders while the current WWE shareholders will have the remaining 49%. This keeps the chances of Vince McMahon still getting involved with the WWE after the sale.

The source also noted that after speaking to “employees from several potential suitors” they informed that Vince was still willing to “remain involved would be a major sticking point and hurdle for a variety of reasons.”

At this point, it’s hard to tell whether the current boss will be involved in the company’s day-to-day operations, but he is expected to remain on the company’s Board of Directors alongside the current President, Nick Khan on the “wrestling side of things.”

Endeavor head honchos Ari Emanuel and Mark Shapiro could also get involved while there’s no update about Chief Content Officer Triple H’s status. As for Stephanie McMahon, there is a “general respect for the work Stephanie McMahon did before leaving.”

Sean Sapp reported behind Fightful’s paywall that the WWE sale has been a major talking point backstage at WrestleMania 39 night two. The WWE Superstars have still been kept in dark regarding the exact situation.

However, Endeavor is confident that this sale will open the door for WWE talents to look into new opportunities. They possibly won’t have any restrictions on opening accounts on third-party platforms like OnlyFans or Brand Army to make more money.