It looks like WWE may soon have a new owner.
CNBC reported on Sunday that Endeavor — the parent company of the UFC — is planning on buying a controlling interest in the wrestling entertainment organization. The report goes on to note that Endeavor plans on pairing the WWE and the UFC together as its own publicly-traded company.
Endeavor was once a Hollywood talent agency, but they later expanded through mergers and purchases, with an eye on becoming a publicly-traded company. They purchased the UFC in 2016 and later went public with an IPO in 2021.
The new reported deal would give Endeavor a 51 percent ownership stake in WWE, while the remaining 49 percent of the wrestling company would be held by stockholders.
WWE has been a publicly-traded company since 1999, with Vince McMahon and members of his family holding a controlling interest in the company. Should Endeavor carry this one over the finish line, though, McMahon would no longer have a controlling interest in WWE.
The deal reportedly views WWE with an enterprise value of $9.3 billion, while valuing the company itself at more than $12 billion.
