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Vince McMahon called Monday “a great day” as his iconic company announced plans to sell a controlling stake to Endeavor in a merger with mixed martial arts firm UFC. “Things have to evolve. A family business has to evolve, for all the right reasons. And this is the right business decision, and it’s the right family decision,” McMahon said in an interview today on CNBC.

Fans are divided over Vince McMahon’s makeover.

World Wrestling Entertainment (WWE) and the Ultimate Fighting Championship (UFC) will merge into one company as part of a sale to Endeavor Group Holdings. The new operation will be valued at $21.4 billion thanks to the UFC's $12.1 billion valuation and WWE's $9.3 billion. WWE Executive Chairman Vince McMahon will join the new "global live sports and entertainment company" in the same role.

Joe Otterson TV Reporter In a storyline worthy of the finest pro wrestling angles, the McMahon family’s nearly complete control of WWE is coming to an end after seven decades. That is not to say there will no one within the McMahon family at the helm of the sports entertainment juggernaut. With the announcement that Endeavor Group is purchasing WWE and combining it into a new company with the UFC, it was revealed that Vince McMahon will be executive chairman of the board of the new entity. In addition, Paul Levesque — known to fans as Triple H and also McMahon’s son-in-law — will stay on as chief content officer, a role he assumed in September 2022. But no longer will the WWE be the family-run business that WWE and its predecessors have been since McMahon’s father and grandfather began promoting professional wrestling in New York in 1953. As such, it marks the end of an era for TV’s dominant pro wrestling franchise.

Two of the world’s biggest fighting organizations are coming together.

Todd Spangler NY Digital Editor Endeavor is bringing together two of the world’s biggest combat-sports franchises — UFC and WWE — in a blockbuster merger announced Monday. It’s a deal in which “one plus one equals three,” said Endeavor president and COO Mark Shapiro, who will serve in the same role for the merged UFC-WWE. The pact, valuing the combined company at roughly $21.4 billion, is anticipated to close in the second half of 2023. The deal will result in an estimated $50 million to $100 million in annualized run-rate cost synergies, according to Endeavor, including by moving WWE to Endeavor’s back-office infrastructure. Shapiro said Endeavor, when it acquired UFC, realized $70 million in cost savings.

Endeavor Group Holdings and Worldwide Wrestling Entertainment have entered a definitive agreement to create a new $21.4 billion live sports and entertainment company consisting of UFC and WWE.The deal, which was unanimously approved by Endeavor and WWE’s boards of directors, values UFC at $12.1 billion and WWE at $9.3 billion. It is expected to close in the second half of 2023.Under the terms of the transaction, existing WWE shareholders will roll all existing equity into a new entity that will be the parent company of UFC and WWE (“NewCo” until it is named at a later date) and intends to list on the New York Stock Exchange under the ticker symbol “TKO”.

Patrick Frater Asia Bureau Chief Endeavor Group Holdings and World Wrestling Entertainment said Monday that they had signed a definitive agreement to form a new, publicly listed company consisting of two complementary, global sports and entertainment brands: UFC and WWE. The deal was reported to be close over the weekend by financial media CNBC and Bloomberg. Upon closing, Endeavor will hold a 51% controlling interest in the new company and existing WWE shareholders will hold a 49% interest. “Together, UFC and WWE will have global reach, impressive scale and omnichannel distribution,” Endeavor said in a statement.

WWE and UFC parent Endeavor Group Holdings made things official in an SEC filing Monday morning, confirming their blockbuster merger into a combat sports colossus.

J. Kim Murphy World Wrestling Entertainment Inc. (WWE) is nearing a deal to be acquired by Endeavor Group Holdings Inc. Bloomberg was first to report on the ongoing acquisition deal. The report states that “no final decision has been made” and that negotiations could potentially fall through. The talks coincide as WrestleMania 39, one of the organization’s premier annual events, continues to unfold. The two-day pay-per-view and streaming extravaganza concludes Sunday evening, with more than 80,000 fans in attendance in Los Angeles. The WWE has been actively exploring an acquisition deal for some time now. Vince McMahon, the longtime public face and majority owner of the professional wrestling organization, returned to the company as executive chairman in January. McMahon had exited his WWE leadership role last year amid investigations into sexual misconduct allegations, leaving his daughter, Stephanie McMahon, to take on offices as chairman and co-CEO alongside Nick Khan, who previously served as the company’s president.

The WWE, which has been exploring a potential sale over the past few months, is in the process of being acquired by UFC parent Endeavor Group Holdings.

World Wrestling Entertainment has had plenty of dominant characters over the past 50 years, but Roman Reigns continues to set his own path.

Vince McMahon, the WWF’s already scandal-plagued CEO who declined to offer comment on the allegations in this piece, allegedly couldn’t stomach the idea of putting a stop to the lucrative proceedings.“Vince decreed that they should keep going,” Abraham Josephine Riesman, author of the new book “Ringmaster: Vince McMahon and the Unmaking of America,” told The Post. “So the rest of the wrestlers had to perform knowing their friend was gravely injured, probably dead, and then [later] knowing he was dead,” said Riesman, who interviewed over 150 people — many of them quite close to McMahon — while researching tell-all tome.Riesman examines McMahon’s rise from an allegedly abusive childhood in impoverished Southern Pines, NC to a tycoon overseeing a $6B industry — and some very dark moments along the way.

In a further step toward reclaiming his World Wrestling Entertainment (WWE) empire, executive chairman Vince McMahon has filed new documents with the SEC.

Todd Spangler NY Digital Editor Vince McMahon has paid WWE $17.4 million for costs the wrestling entertainment company incurred in investigating misconduct allegations against the exec. McMahon, WWE’s executive chairman and controlling shareholder, returned to the company in January after he “retired” from the company last year. WWE’s board had formed a special committee to look into allegations that he paid millions of dollars in hush money to multiple women to stay quiet about affairs and other misconduct. Under an agreement reached with the company, McMahon on March 23 paid WWE about $17.4 million, according to an SEC filing by WWE Friday. That was to reimburse the company “for the costs that have been incurred and paid by the company and/or its subsidiaries, through January 31, 2023, in connection with and/or arising from the investigation conducted by a special committee of the company’s board of directors,” as well as related revisions to the company’s financial statements and other related matters, WWE said.

John Cena was asked if it was difficult to “reconcile the feelings” he has toward Vince McMahon after sexual misconduct allegations against him have come to light in recent years.

Endeavor CEO Ari Emanuel ruled out any major stock deal right how and indicated reluctance to increase debt, both at a time when the UFC’s main rival, WWE, is up for sale.

Richard Belzer, who was known for his role on the hit TV series "Law & Order: Special Victims Unit," died at the age of 78, a friend of the actor confirmed to Fox News Digital on Sunday. Belzer received scores of tributes across social media, and many stories about the famed actor surfaced. Fans of Belzer and pro wrestling legend Hulk Hogan recalled the incident that led to a lawsuit.

WWE CEO Nick Khan said an exploration of strategic alternatives is in early stages but well underway and the company will “consider a broad range of possibilities.”

NBC Universal CEO Jeff Shell said the company is always eyeing possible deals to bolster its business, citing the $3.8-billion acquisition of DreamWorks Animation in 2016 and Universal’s partnership with Blumhouse Productions.

WWE today confirmed the return of Vince McMahon to its board and said it’s removed three directors to make room for the former CEO and two of his allies.

Vince McMahon said today he’s taking steps to return to Word Wrestling Entertainment as executive chairman to be in position as the company sets a new round of rights deals that he thinks should be in tandem with discussions of strategic alternatives. That would include a sale of the company.

World Wrestling Entertainment co-CEO Nick Khan said a special committee of independent directors looking into alleged misconduct by its former chief Vince McMahon has completed its mission and been disbanded.

new head of creative for the WWE, Triple H already had a career worthy of the WWE’s Hall of Fame. And yet, at the present, he’s only inducted as a member of D-Generation X. While other members of the faction like Shawn Michaels and Kevin Nash have separate entries as individual performers, he does not, and Nash recently revealed on his podcast that he doesn't see it happening.

Andrew Wallenstein President and Chief Media Analyst If anyone has a sense of what Vince McMahon means to the WWE league he founded, it’s Brian Gewirtz. Currently SVP of development at Dwayne “The Rock” Johnson-led prodco Seven Bucks Prods., Gewirtz spent 15 years working as a writer with McMahon to script the drama in and out of the ring at the wrestling empire. It’s a wild experience he recounts in his new memoir, “There’s Just One Problem: True Tales from the Former One-Time 7th Most Powerful Person in WWE.” Now that McMahon has retired in the wake of a scandal that could impact the future of WWE, Gewirtz believes his former company is in good hands under the triumvirate of its current overseers, co-CEOs Nick Khan and Vince’s daughter, Stephanie McMahon, as well as her husband, chief creative officer Paul “Triple H” Levesque.

his high-profile scandal, but it’s possible he’ll be making a temporary return in the coming months. While the company definitely isn’t planning to re-instate the ex-CEO back into the company — okay, there are no definites — plans are reportedly being discussed to celebrate him in a major way in 2023.

WWE has named Paul “Triple H” Levesque its new chief content officer and chief financial officer Frank A. Riddick III will assume the role of president and CFO, the company announced in Tuesday’s second-quarter earnings report.

As it continues to navigate new corporate waters in the wake of longtime CEO Vince McMahon’s scandal-shrouded retirement in July, WWE Corp. has promoted two of its top executives.

Todd Spangler NY Digital Editor WWE exec and pro wrestler Paul “Triple H” Levesque has officially taken the title of chief content officer, and he’s also received a salary raise along with three other top company execs. In addition, the company said it promoted chief financial officer Frank Riddick to the position of president, where he will continue in his role as CFO. WWE disclosed the exec info in an SEC filing Friday. The changes come after Vince McMahon, formerly WWE’s chairman and CEO, resigned from the company on July 22, amid an investigation by the board of directors into misconduct allegations.

Sasha Banks and Naomi being asked if they’re returning to WWE has emerged and it’s incredibly awkward. Ever since Vince McMahon retired and Triple H became Head of Creative, it’s been speculated that Sasha Banks and Naomi could return to WWE.

WWE has completed the majority of its investigation into alleged misconduct by ex-CEO and chairman Vince McMahon.

Stephanie McMahon, the daughter of former WWE founder Vince McMahon and now the company’s Co-CEO, began the company’s second-quarter earnings call with a tribute to her father as a “true founder and entrepreneur.”

Todd Spangler NY Digital EditorWWE said its board’s investigation into alleged misconduct by ex-CEO and chairman Vince McMahon is “substantially complete.” The company restated earnings going back to 2019 to account for personal payments McMahon made during his tenure, including $14.6 million allegedly to women in return for their silence about affairs and other misconduct.However, the McMahon investigation may continue to have a financial impact, WWE said in regulatory filings.“While we currently anticipate spending approximately $10 million during the remainder of the year related to this investigation, the related costs could exceed this estimate,” the wrestling entertainment company said in its 10-Q filing for the second quarter of 2022. As previously disclosed, WWE also has “received, and may receive in the future, regulatory, investigative and enforcement inquiries, subpoenas or demands arising from, related to, or in connection with these matters,” the company said.

There’s Just One Problem,” out Tuesday.In it, Gewirtz, who worked at WWE from 1999 to 2015, gives a revealing look inside the wrestling world and the hardball management style of an embattled former CEO known for strange foibles such as despising sneezing and giraffes.Here are some of the wackiest reveals from his new book.McMahon — who suddenly left WWE this summer — paid a reported $14.6 million in hush money to multiple women who had alleged that he committed sexual misconduct between 2006 and 2022. In his book, Gerwitz recalls his own experiences grappling with the wrestling titan.

former CEO Vince McMahon — bringing the total of unrecorded payments up to $19.6 million.WWE revealed in a statement to the SEC on Tuesday that, on June 17, a special committee was «conducting an investigation into alleged misconduct» of McMahon — who then resigned as CEO on July 22, amid the investigation.«On July 25, 2022, the Company announced that it has made a preliminary determination that certain payments that Vince McMahon agreed to make during the period from 2006 through 2022 (including amounts paid and payable in the future totaling $14.6 million) were not appropriately recorded as expenses in the Company’s consolidated financial statements,» the SEC filing document stated. «Since that time, the Company has determined that two additional payments totaling $5.0 million, unrelated to the allegations that led to the Special Committee investigation, that Mr.

World Wrestling Entertainment said Tuesday an independent board probe of former CEO Vince McMahon showed additional unrecorded payments of $5 million, bringing the total to $19.6 million.