WWE has been sold to UFC’s parent company, Endeavor. In a statement, Endeavor announced a “definitive agreement” that will see WWE come under the company’s ownership in an estimated $9.3 billion deal.
The deal will see Endeavor from a new publicly listed company, consisting of both WWE and UFC. Endeavor will hold a 51% controlling interest in the new company and existing WWE shareholders will hold a 49% interest in the new company.
With the new owners being introduced, talent cut is expected to take place as per the reports.
WWE could release talents
During Wrestling Observer Radio, Dave Meltzer talked about the idea of WWE releasing a bunch of talent now that they are in the hands of a new owner. He stated that Vince McMahon will still have the final say in that because Endeavor will listen to his opinion on the matter.
