WWE was acquired by the Endeavor Group this past April, and the billion-dollar wrestling company was said to be merged with the UFC to form a new publicly traded entity that would trade under the symbol TKO with a market valuation of $21 billion.
Endeavor Group published its Q2 financial results earlier today, which stated that the transaction to combine WWE and UFC into TKO Group Holdings is “expected to close in mid-to-late September 2023.”
Endeavor Group announced the acquisition of WWE on April 3rd, the day after WrestleMania 39 (Night Two). The original announcement noted an estimated closing window of the second half of 2023.
Endeavor CEO Ari Emanuel will be TKO Group’s CEO with Vince McMahon serving as the Executive Chairman of the new company.
Endeavor will own a 51% stake in TKO Group Holdings with WWE’s shareholders controlling the remaining 49%.
