WWE and the UFC are merging under Endeavor and that will call for some big changes. The yet-to-be-named company will trade under the NYSE name TKO, but now we have even more information about how the company will operate.

Newly filed documents have emerged pertaining to the merged company of WWE and UFC. The comprehensive 550-page document was publicly released on May 12, 2023. Among the notable contents is a graphic that provides crucial details for existing WWE stockholders.

The graphic specifies that each shareholder of WWE common stock will receive one public share of the newly merged company’s stock for every share they currently hold. Additionally, it highlights that subsidiaries affiliated with Endeavor are anticipated to possess 51% of the voting power in the merged company.

You may check out the release from WWE below to get more details about the upcoming deal.


WWE stockholders will receive one share of New PubCo Class A common stock for each share of WWE common stock that they hold. As of the Closing, subsidiaries of Endeavor are expected to collectively own 51% of the voting power of New PubCo and 51% of the economic interests in HoldCo, with former security holders of WWE common stock indirectly owning 49% of the economic interests in HoldCo, 49% of the voting power of New PubCo and 100% of the economic ownership of New PubCo, in each case, on a fully diluted basis. The value of the transaction consideration the WWE stockholders will receive in the Transactions, including the merger, will therefore depend on the combined value of HoldCo and WWE at the effective time.

Brandon Thurston also posted a graphic that shows the new corporate structure of this new merged company.

New new company’s board of directors will consist of 11 members. WWE will select 5 members, and Endeavor will pick 6 people. Ari Emanuel and Vince McMahon will also be included on that board.

We will continue monitoring this ongoing story here at Ringside News. Obviously, there is going to be a lot more to unpack as time goes on.

What’s your take on this new merger for UFC and WWE? Sound off in the comments!

Felix Upton

Felix Upton is a seasoned writer with over 30 years of experience. He began his career writing advertisements for local newspapers in New York before transitioning to publishing news for Ringside News. His expertise includes writing, editing, research, photo editing, and video editing. In his free time, he enjoys bungee jumping and learning extinct languages.

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