GKW Special- WWE merges with Endeavor

J-Hood, Brian and Gabe discuss the latest news from WWE. WWE merges with Endeavor, parent company of UFC, with valuation over $21 billion. The new company, which will house both WWE and UFC, will have a 51/49 control split in favor of Endeavor Following months of speculation, a sale of WWE appears imminent. Endeavor, the parent company of UFC, has nearly finalized a deal to acquire WWE at a valuation of $9.3 billion, CNBC reported Sunday afternoon. The deal will see Endeavor create a new, publicly traded company that will run both UFC and WWE. Endeavor/UFC would take a 51% ownership stake with WWE shareholders retaining 49% of the new company. WWE executive chairman and long-time owner Vince McMahon, the largest current shareholder of WWE, will remain chairman of the WWE portion of the new company sitting only behind Endeavor founder and CEO Ari Emanuel. WWE CEO Nick Khan is expected to remain president of wrestling operations, while Dana White will continue to over UFC as its president.