A blockbuster merger in the sports and entertainment worlds was announced Monday.
Endeavor, the parent company of the UFC, has acquired the WWE and will form a new two-headed sports entertainment company anchored by the two megabrands. Dana White will remain UFC president. Vince McMahon will stay as WWE’s executive chairman.
The new company will be overseen by Ari Emanuel, CEO at Endeavor, which will have a 51 percent controlling interest of the new company. Current WWE shareholders will control the other 49 percent. The deal is valued at $21.4 billion.
Ahead of the deal, Emanuel and McMahon sat down with CNBC’s David Faber to talk about the merger. Check out quotes from their broadcast interviews below.
Ari Emanuel: Endeavor’s Vince McMahon-Dana White/WWE-UFC combination will be ‘pretty unstoppable’
