WWE and Endeavor Merger are now TKO
The McMahon Family name is no longer tied to WWE. Endeavor has finalized the purchase of WWE from Vince McMahon. It'll be known as TKO on the trading market but will remain as WWE for branding.
2023 is wild. Wrestling is wild.
Hey wrestling friends!
On September 12, 2023 Endeavor Group Holdings and World Wrestling Entertainment announced the closing of their previously announced agreement and launched TKO Group Holdings.
TKO brings together the UFC and WWE and their huge leading recognizable global leadership in combat sports and sports entertainment. It’s a new chapter for everyone involved.
Extra Read:
Breaking News: WWE & Endeavor Merge
Squared Circle Society is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. World Wrestling Entertainment’s announced that their major rights deals are about to come up for renewal, and so speculation ran wild all over the internet. Earlier this year, WWE hired Raine Group to help with …
Extra Listen:
The Dream Team of MMA + Wrestling
Listen now (94 mins) | Hello! Happy Monday! Wrestling news & the media world have been crazy and on fire lately. In my last post, I quickly summed up what the Endeavor + WWE merger was about. In this new podcast episode, I am joined by my buddy Adam Woods to break down the merger, what can or cannot happen with this new venture, Vince McMahon has a boss now, and WWE isn’t goin…
TKO will begin trading today on the New York Stock Exchange under the ticker symbol “TKO,” with Endeavor holding a 51% controlling interest in the new company and existing WWE shareholders holding a 49% interest in the new company, on a fully diluted basis.
Leadership Team
As previously announced, TKO is led by:
Ariel Emanuel, Chief Executive Officer, who continues as Chief Executive Officer of Endeavor;
Mark Shapiro, President and Chief Operating Officer, who continues as President and Chief Operating Officer of Endeavor;
Andrew Schleimer, Chief Financial Officer; and
Seth Krauss, Chief Legal Officer, who continues as Chief Legal Officer of Endeavor.
Dana White is now Chief Executive Officer of UFC and Lawrence Epstein remains Senior Executive Vice President and Chief Operating Officer of UFC. Nick Khan continues at WWE in the role of President.
The Board of Directors of TKO is led by Vince McMahon as Executive Chairman of the Board and consists of 11 members, including Mr. Emanuel, Mr. Shapiro, and Mr. Khan, in addition to the following directors:
Peter C.B. Bynoe, Senior Advisor at DLA Piper LLP;
Egon P. Durban, Co-Chief Executive Officer of Silver Lake;
Steven R. Koonin, Chief Executive Officer of the Atlanta Hawks, LLC;
Jonathan A. Kraft, President of the Kraft Group LLC;
Sonya E. Medina, President and Chief Executive Officer of Reach Resilience;
Nancy R. Tellem, Executive Chairperson and Chief Media Officer of Eko; and
Carrie Wheeler, Chief Executive Officer and a board member of Opendoor Technologies Inc.
Read more here: WWE Corporate News