And not to Saudi Arabia as was probably expected earlier this year when he returned to the company as WWE executive chairman. One primary reason he used to return to the company was he was the one able to actually sell the company and he held most of the controlling shares of WWE.
WWE will be under the same roof as the UFC:
WWE has officially been purchased by Endeavor in a blockbuster deal that will see WWE and UFC merge into a publicly traded company worth over $21 billion. Endeavor emerged as a favorite to purchase when the betting odds were released at the beginning of the year, with the Ari Emanuel led group listed at +900.
The possibility of WWE going private under Endeavor led many to believe it could be an attractive buyer for McMahon, who last year was ousted from WWE due to an investigation from its Board of Directors. Instead, WWE will remain a publicly traded company alongside UFC to form a sports entertainment powerhouse.
"Together, we will be a $21+ billion live sports and entertainment powerhouse with a collective fanbase of more than a billion people and an exciting growth opportunity," McMahon said. "I, along with the current WWE management team, look forward to working closely with Ari and the Endeavor and UFC teams to take the businesses to the next level."
This comes on the heels of WrestleMania weekend. This morning as I got the news I finally finished watching this Premium Live Event. It was an exciting show although I see online fans were scratching their head at the finish for the Undisputed WWE Title match between Roman Reigns and Cody Rhodes.
