The Endeavor Group is purchasing WWE and combining it into a new company with the UFC. Vince McMahon will be executive chairman of the board of the new entity.
According to Nick Khan, WWE’s CEO who will become the WWE president once it is combined with the UFC, toldthat there were “multiple significant bidders” once the intent to sell was announced, but the deal with Endeavor did not close until Saturday night, the first night of WrestleMania 39 at SoFi Stadium in Los Angeles.
Khan also stated that McMahon’s exit and subsequent return in no way impacted the deal, saying McMahon has a relationship with Endeavor’s Emanuel that goes back over 20 years. There has been something of a rivalry between the UFC and WWE for sometime, though there have been multiple crossover stars in both organizations. Brock Lesnar made a name for himself in WWE before leaving in 2004 to pursue a pro football career and then transitioning to mixed martial arts. He made his UFC debut in 2008 and went on to win the organization’s heavyweight championship before ultimately returning to pro wrestling.
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