Hi guys, I'm Adam Wilbord from Whatculture joined by Phil Chambers from Whatculture in beautiful Los Angeles ahead of WrestleMania night

Two of course, but we here to bring you some breaking news around in the sale of

WWE this obviously been going on for several months now

Vince McMahon's return to the company centers around this but going into a brand new report from Alex Sherman of

CNBC it does look like WWE have finally managed to find a buyer

They are in advance talks to be sold to Ari Immanuel's Endeavour Group

Now that name rings about that is because it is the parent company of the UFC

Basically, the steel would combine the UFC and WWE into one publicly traded company

The full details are just read out to you here endeavour is slated to own

51% of the new combat sports and entertainment company whilst WWE shareholders would get 49% according to their sources

The Endeavour deal gives WWE an enterprise value of

9.3 billion dollars

Ridiculous now Immanuel is expected to basically act as cheap executive of both Endeavour and whatever this new company is going to be called

McMahon will be expected to be executive chairman and then Endeavour president Mark Shapiro

We're working the same role at the new company

Dana White remains president of the UFC and WWE CEO Nick Khan will serve as president of the wrestling

business as if this weekend couldn't get any more

Mementus Phil yeah, absolutely right slap bang in the middle of WrestleMania 39

This comes out with the news about the sale so there's still a lot to sort of unpack about this and a lot that will

Come out I assume over the next few weeks in terms of people's position with the company how the sort of change over is gonna work

And like the exact positions of power like obviously

Vince McMahon is still slated there to be sort of chairman of the board and it can't as the CEO so that's sort of

...