NEWS: WWE Nearing Sale, Buyer REVEALED? | Top Names Tease LEAVING After WrestleMania 39
Cultaholic Wrestling
Cultaholic
4.7 • 1K Ratings
🗓️ 3 April 2023
⏱️ 11 minutes
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Summary
WWE are nearing their sale and a buyer for the company has been reportedly revealed. We have an update on Shane McMahon after his shocking WrestleMania return and injury. Plus multiple WWE stars have teased post-WrestleMania departures.
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Transcript
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| 0:00.0 | This cult Arlic news podcast contains WrestleMania spoilers from the start. |
| 0:06.8 | So heads up. The to it in just a second but just before the lights went up on night two a major |
| 0:26.7 | story broke pertaining to the future of W. W. W.C. |
| 0:32.0 | reporting that World Wrestling Entertainment is in advanced talks to be sold to Ari |
| 0:39.2 | Emmanuel's Ende endeavor group, the parent company of UFC. |
| 0:45.0 | Sources are claiming that a deal could be announced |
| 0:48.0 | as soon as later today, |
| 0:51.0 | with UFC and W.W. W.E. expected to merge to form a new publicly traded company |
| 0:59.2 | as part of the agreement. Who are Endeavor? Well they, Endeavor Group Holdings Incorporated, headed up by Ari Emanuel, |
| 1:06.6 | media executive, made a very successful purchase of the UFC back in 2021. |
| 1:11.2 | Came after many years guiding the careers of its talent through partnerships in the media. |
| 1:16.2 | Now, CNBC say that UFC's purchase really paid off for Endeavor. They helped Endeavor sports business make 1.3 billion dollars in revenue last year. |
| 1:27.0 | W. W. W. W.E. Generating roughly the same amount last year as well. |
| 1:31.0 | And so it makes for quite an appealing portfolio addition for endeavor. |
| 1:37.0 | Now what would this new merged company look like? |
| 1:40.4 | Well Ari Emanuel is expected to act as chief executive of both Endeavor and whatever |
| 1:45.8 | this new company comes to be formed as. |
| 1:48.4 | Vince McMahon is expected to be Executive Chairman, while in Deva President Mark Shapiro will work in the same |
| 1:56.2 | role at the new company. Dana White will remain as president of the UFC and Nick Khan will remain as |
| 2:03.4 | W. W. W. W. E. CEO and serve as president of the wrestling |
| 2:07.8 | business. Now, Endeavor is slated to own 51% |
| 2:12.1 | of this new company with |
... |
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