The all-stock deal values UFC at $12.1 billion and publicly traded WWE at $9.3 billion, the companies said in a regulatory filing Monday.
WWE Wrestling: WrestleMania 31: John Cena victorious in ring with belt during event at Levi's Stadium. Santa Clara, CA 3/29/2015 CREDIT: Jed Jacobsohn
Endeavor plans to spin out the combined company, which has yet to be named, on the public market. It is expected to trade under the moniker “TKO.": The all-stock deal values UFC at $12.1 billion and publicly traded WWE at $9.3 billion, the companiesWhen the deal closes, Endeavor will hold a 51% controlling interest in the newly combined company, and WWE shareholders will hold the remaining 49%. Endeavor will appoint six board seats and WWE will appoint five.
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