UFC and WWE to merge in a deal worth $21 billion

At the end of 2023, we will witness the completion of the deal between the two companies that own the UFC and WWE brands. UFC has a market value of $12.1 billion and WWE $9.3 billion. The well-known brands are owned by Endeavor (UFC) and World Wrestling Entertainment (WWE), which are merging into a new publicly traded company. Endeavor will own a 51% majority stake in the new company and WWE the remaining 49% of the shares. The merger...