BEVERLY HILLS, Calif.: Endeavor Group Holdings, Inc. and World Wrestling Entertainment, Inc. have announced they expect to close the previously announced transaction to form TKO Group Holdings, Inc. (“TKO”) on September 12.
On that date, TKO will begin trading on the New York Stock Exchange under the ticker symbol “TKO”.
It was revealed last month that the WWE-UFC merger was expected to be finalized by “mid-to-late” September.
It was on April 3 — the day after WrestleMania 39 had concluded at SoFi Stadium in Los Angeles, California — that it was announced that WWE and UFC would be merging under the Endeavor umbrella to create a new sports and entertainment company.
Vince McMahon, WWE’s executive chairman, has earlier said that the newly formed organization would become “a $21+ billion live sports and entertainment powerhouse”.
According to the agreement, McMahon is set to become the executive chairman of the new organization, while Dana White will retain his role as president of UFC, with Nick Khan switching from CEO of WWE to president of WWE. Ari Emanuel, Endeavor’s CEO, will become CEO of TKO.
