Just as CNBC scooped yesterday, Ari Emanuel’s Endeavor Group is acquiring World Wrestling Entertainment and will spin out a new publicly traded company that combines it with Ultimate Fighting Championship. The deal values WWE, which for decades has been owned and run by the McMahon family, at $9.3 billion and the Endeavor-owned UFC at $12.1 billion.
Both companies expect the agreement to close in late 2023. When it does, the result will be a combined sports entertainment powerhouse with…
