WWE and UFC set to amalgamate under a new name following their official merger under Endeavor

The WWE-UFC merger has resulted in them taking on a new name to be showcased on the stock listing.

WWE and UFC set to amalgamate under a new name following their official merger under Endeavor

WWE and UFC merger (via CNBCTV18.com)

After months of confidential meetings and negotiations with various entities, Vince McMahon sold WWE to UFC’s parent company, Endeavor. The two wrestling giants, UFC and WWE, will come under the same umbrella with a new name. Moreover, it was revealed that the company will be listed under a different name on the stock market.

According to a recent report from CNBN, it will go by the name “TKO Group Holdings.” Ari Emanuel, who is currently the CEO of the UFC’s parent company, will preside as the CEO of the new group as well On the other hand, Vince McMahon will assume the role of executive Chairman. The Board of Directors will have eleven members, five each from WWE and UFC.

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According to a recent filing, the company is still operating under the name “New Whale Inc.” It appears that the name will change as soon as the anticipated Endeavor deal merger becomes official. The WWE-UFC merger is expected to be completed by the end of this year.

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Ringside News reported that Endeavor will accrue the majority stake, i.e. 51%. UFC and WWE are two of the biggest companies in the industry. Therefore, the merger of two wrestling giants will usher in a new phase in sports entertainment.

Related: WWE providing more ‘creative freedom’ to the superstars under Triple H’s regime

Dwayne Johnson shares his excitement about the WWE and UFC merger

Dwayne Johnson on WWE and UFC merger
Dwayne “The Rock” Johnson (via Masculine Charisma)

Ever since the news of the WWE and UFC merger broke, there have been lot of discussions about it. Many believe that it is an extraordinary step towards elevating businesses. During his appearance on CNBC, Dwayne Johnson spoke about the Endeavor deal and called it a “game changer” for both brands.

The WWE legend stated his excitement about the merger and envisaged a bright future for both WWE and UFC. He said that both companies are adamant about bringing the best to the fans. The Rock, who shared a very good relationship with Vince McMahon, congratulated the former WWE Chairman. He praised WWE for achieving this tremendous feat.

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