It was previously reported that the parent company of UFC, Endeavor, had acquired the Vince McMahon-led company. It was also reported that WWE was sold to Endeavor for a whopping $9.3 billion. In addition, it was mentioned that WWE would soon go through a merger.
Recently, WWE and UFC merged into the TKO Group Holdings, which is valued at $21 billion. Also, Vince McMahon will now be the executive chairman of the newly formed company. Apart from that, Nick Khan will also be present on the Board of Directors of TKO.
The new company that combines the WWE and UFC will start trading today under the ticker TKO.
• Valued at $21 billion
• Endeavor owns 51% / WWE owns 49%
Vince McMahon will be executive chairman of the new company & Dana White will be in charge of the UFC.
— Joe Pompliano (@JoePompliano) September 12, 2023
However, the shocking fact is that Vince McMahon’s daughter, Stephanie McMahon, isn’t enlisted on the Board of Directors of the TKO Group. In fact, despite the sale, there has been no increase in Stephanie’s net worth.
The Billion Dollar Princess – Stephanie McMahon pic.twitter.com/53sR4ipOuj
— Attitude Era Memories (@AE_Memories) September 19, 2023
Meanwhile, a few of the WWE executives have been entitled to a sales bonus following the merger. These include WWE President Nick Khan, who will receive $15 million, and WWE Chief Content Officer and the husband of Stephanie, Triple H, who will receive $5 million, among others.
Now, it is to be seen what changes the merger will bring to the respective promotions moving forward. Also, it remains to be seen if Stephanie will have anything to say about the merger.
Stephanie McMahon left WWE and reportedly did not agree to the sale
Previously Vince McMahon was the Chairman and CEO of WWE. However, he announced his retirement in July 2022. Following his exit, his daughter, Stephanie McMahon assumed the role of Chairwoman and Co-CEO of the company.
Vince’s retirement didn’t last long, as he returned to the Stamford-based promotion in January this year and took up the position of executive chairman of the company. However, days after his return, Stephanie McMahon put forward her resignation.
Then. Now. Forever. Together. pic.twitter.com/8dqr5reIiv
— Stephanie McMahon (@StephMcMahon) January 10, 2023
It was then reported that Vince’s return to the company was to initiate a potential sale of the Stamford-based promotion. That was indeed the case, since a few months later the news of WWE’s sale came up.
Axios then reported sources told them, that the daughter of Vince and his son-in-law, Stephanie, and Triple H, did not agree to the sale. However, despite everything, the sale took place, and the merger happened as well. Only time will tell what awaits in the future. The WWE Universe will wait with suspense till then.