Back in April it was announced that WWE had agreed to a deal with Endeavor, a global sports and entertainment company, to merge into a new company with fellow Endeavor owned company UFC. Back in May we learned of the new name of the company, TKO Group Holdings. You can check out our article on that by clicking here. Today via a press release by the WWE, we have learned that Endeavor and WWE have a close date for their merger.
Upon close, TKO will list on New York Stock Exchange, begin public trading
BEVERLY HILLS, Calif. & STAMFORD, Conn. (September 7, 2023) – Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor”) and World Wrestling Entertainment, Inc. (NYSE: WWE) (“WWE”) today announced they expect to close the previously announced transaction to form TKO Group Holdings, Inc. (“TKO”) on September 12, 2023, after which time TKO will begin trading on the New York Stock Exchange under the ticker symbol “TKO”.
A deal like this does take time to get everything in order, but now it appears everything is all set and next Tuesday, September 12th everything will be completed and the new stock will begin trading on the New York Stock Exchange.
There have been rumors about layoffs f0llowing the merger completion, do you think there will be a lot of layoffs from this new company? What are your thoughts on Endeavor and WWE having a close date of next week? What do you think the short term and long term effect will be on the WWE and its product? After not being chosen for the board, do you think there is any direct impact to HHH once the deal goes through? Let us know your thoughts in the comments below or hit us up on our Twitter account. As always stay tuned to Culture Splat for more content coming your way!
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