WWE shocked the world when they agreed to merge with the UFC under Endeavor’s umbrella. Now, the biggest companies in MMA and WWE are about to be under one company, and that will go into effect very soon.
In April, WWE announced its acquisition by The Endeavor Group, intending to merge with UFC and form a new publicly traded company called TKO Group Holdings.
Despite Endeavor’s ownership of both WWE and UFC, these organizations will continue to operate independently. Vince McMahon will oversee the wrestling aspect, while Triple H will lead creative.
The merger is expected to result in layoffs, primarily in departments where Endeavor already has the necessary expertise to manage WWE’s functions.
Brandon Thurston of WrestleNomics reported in a tweet that WWE CEO Nick Khan informed WWE staff that the WWE-UFC merger under TKO Group Holdings would be finalized on Tuesday, September 12th.
“WWE all staff message from CEO Nick Khan says WWE-UFC merger under TKO Group Holdings will be completed next Tuesday, Sept 12.”
“Expect a press release soon.”
We will have to see how the company looks after the merger goes through, and that goes true for both WWE and UFC. Employees might be afraid that redundancies will be found, and they will lose their jobs, despite the fact that both companies were said to be running on their own.
Keep checking back with Ringside News for more on this story, and many more, in the pro wrestling world. You never know what will happen next, and we can’t wait to bring you all the news as it break.
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