Vince McMahon Loses Majority Control of WWE as they Merge with UFC!
Under the TKO Umbrella now the WWE has merged with UFC to form venture which will reach BILLIONS of people around the world but with this dynamic coming together the WWE is now not majority controlled by Vince McMahon who had originally financed the company from his father decades ago. The long time talked about endeavor is now official and completed. Its majority-stake purchase of the wrestling giant as of Tuesday, ironically the company which also owns TKO Group Holdings (NYSE: TKO), and UFC is also called "Endeavor" which is a premium sports and entertainment company again now comprising of TKO, UFC and now WWE. The shares in the company began trading on the New York Stock Exchange with the opening bell Tuesday, opening at a price of $102 per share. Endeavor owns 51 percent of the newly formed company. McMahon owns 16.4 percent of TKO under terms of the deal. Endeavor agreed to a deal to acquire a majority stake in WWE in April. The deal placed a $9.3 billion valu
