Earlier this year, Vince McMahon aggressively made his return to the director board by using his voting power. McMahon then rearranged the board by removing three board members. He then added himself and two other former employees to the board.
Last Monday, Vince McMahon sold World Wrestling Entertainment to Endeavor Group Holdings Inc. Endeavor then announced that they will merge WWE and UFC to form a new company.
The new company is yet to be named and will lead by Ariel Emanual and Vince McMahon. Emanual will be the Chief Executive Officer and McMahon will be the Executive Chairman of the new entity.
Endeavor Group valued WWE at an enterprise value of $9.3 billion and UFC at an enterprise value of $12.1 billion. Endeavor will hold a 51% controlling interest and existing WWE shareholders will hold a 49% interest in the new company.
Wrestlenomics reported that Vince McMahon wasn’t the majority shareholder of WWE or the new company following the acquisition by Endeavors. They noted that McMahon will own 18.4%, Stephanie McMahon 1.2% & and Linda McMahon 0.4% of the new entity. The other WWE shareholders will own 28.9%.
When WWE merges with UFC, Vince McMahon will no longer have majority voting control over WWE or other entities within the new company.— Wrestlenomics (@wrestlenomics) April 9, 2023
We estimate he'll hold about 18% of all shares.
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