UFC parent Endeavor Group and World Wrestling Entertainment said today they expect to close the planned merger of UFC and WWE on September 12. That’s on the earlier end of expectations as Endeavor said in August it expected the deal to close in mid-to-late September. Endeavor and WWE announced a deal last spring for the
Vince McMahon
Endeavor CEO Ari Emanuel ruled out any major stock deal right how and indicated reluctance to increase debt, both at a time when the UFC’s main rival, WWE, is up for sale. “Here’s what I would say to you, I don’t talk about M&A,” he told a Morgan Stanley investor conference when asked about a
World Wrestling Entertainment co-CEO Nick Khan said a special committee of independent directors looking into alleged misconduct by its former chief Vince McMahon has completed its mission and been disbanded. Management is working with the board to implement the committee’s recommendations, Khan told Wall Streeters on a call following third-quarter earnings. He didn’t elaborate. WWE
EXCLUSIVE: Not a happy day in Stamford, CT, today as WWE had a round of layoffs that impact its film, TV and social media divisions in Connecticut and Los Angeles. Trying to find out the exact number, but WWE Studios saw layoffs in features, TV and digital/social media division Advanced Media Group. All of these