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.
Reports on Triple H status
Vince McMahon will continue to be involved with the company as Executive Chairman and in regards to Triple H’s role with WWE, John Pollock of PostWrestling.com reported an update.
“Per sources: An internal email was sent out in WWE and included the line that ‘Paul Levesque [Triple H] will remain WWE’s chief content executive.’ The email was sent by Vince McMahon to those within the company.”
In a SEC filing, it was noted that WWE President Nick Khan will receive a $15 million dollar bonus while Triple H will receive a a $5 million dollar bonus “in light of their significant contributions to the Company prior to and in connection with the Transactions and to promote retention.”
During an appearance on CNBC’s Squawk Box, Air Emanuel stated that they haven’t landed on a new name just yet, but the new company should be available on the public stock exchange in the next 4 to 6 months.