WWE and UFC are making big waves in the business world, as their TKO Holds Group launched today in official fashion. We already reported that TKO opened far higher than WWE closed, and that price continued to increase.
The inaugural day of TKO has concluded, and it was quite a big first day. They had the NYSE chanting “TKO” as Vince McMahon and others rang the opening bell this morning, and it appears that investors are bullish.
On September 12th, the WWE and UFC merger, creating TKO, was formally announced. Key figures from both organizations, including Vince McMahon, Dana White, Endeavor’s Ari Emanuel, and others like Triple H and Nick Khan, were in attendance at the New York Stock Exchange for the opening bell.
TKO’s stock commenced trading at $102 and concluded at $103.05, reaching a peak of $103.81 during the day. That is quite good start for TKO Holdings Group.
The new TKO Holdings Group is set to take off with all the steam and momentum they can right out of the gate. WWE and UFC will also be massive when it comes to cashflow. Through this whole merger, Triple H will also keep his position in WWE as Chief Content Officer.
WWE and UFC might even run package deal when they’re pitching events for cities. There are lot of possibilities down the line, because both companies bring a ton of money to the table. That being said, WWE has ton of money coming in with their own ongoing television talks, so that part of the business is likely to remain separate.
There will be many more stories to come out about this new company before everything is said and done. Keep checking back with us here at Ringside News for all the updates.
What’s your take on the new TKO Holdings Group? Sound off in the comments to let us know if that will change pro wrestling!