The UFC and WWE are officially under one roof as a merger bringing the two brands together under a new banner has officially closed.
Endeavor, the parent company of both the UFC and World Wrestling Entertainment announced on Tuesday that the two global entities will be publicly traded under the newly-launched company, TKO Group. As reported by ESPN, Endeavor will own 51% of the new company and WWE shareholders will own 49% with a valuation of $21.4 billion. Vince McMahon, the former controlling shareholder and chairman of WWE will act as the executive chairman of TKO with Nick Khan on board as the WWE President.