• WWE To Be Sold To UFC Partner Endeavor
CNBC provided the following huge update regarding the WWE sale before tonight’s WrestleMania 39 Sunday:
“Vince McMahon’s World Wrestling Entertainment is in advanced talks to be sold to Ari Emanuel’s Endeavor Group, the parent company of UFC, according to people familiar with the matter.
A deal could be announced as soon as Monday. UFC and WWE are expected to form a new publicly traded company as part of the agreement, according to the people, who declined to be named due to the confidential nature of the discussions.
Endeavor is slated to own 51% of the new combat sports and entertainment company, while WWE shareholders would get 49%, according to the people. The Endeavor deal gives WWE an enterprise value of $9.3 billion, they said.
Emanuel is expected to act as chief executive of both Endeavor and the new company. McMahon, likewise, is expected to be executive chairman, while Endeavor President Mark Shapiro will also work in the same role at the new company. Dana White will remain as president of UFC, while WWE CEO Nick Khan will serve as president of the wrestling business.”
New Video: Nidia’s Bare Buns Exposed:
• ON THIS DAY IN WWF HISTORY (April 2, 1989) – WWF Wrestling Challenge *Countdown to WrestleMania V*
On this day in 1989, the World Wrestling Federation aired an episode of their weekly TV show ‘WWF Wrestling Challenge’.
This “Countdown to WrestleMania V Special” episode was broadcasted from Atlantic City, NJ.
The card can be found right here:
Jake The Snake Roberts/Andre The Giant – Highlights/Interviews
The Powers of Pain/Demolition – Highlights/Interviews
Hulk Hogan/Randy Savage – Highlights/Interviews
Rick Rude/Ultimate Warrior – Highlights/Interviews