Endeavor Group Holdings Completes $21.0B Merger of WWE (merged into TKO Group Holdings)

Endeavor Group Holdings completed its merger with WWE on September 1, 2023, creating TKO Group Holdings, a combined entity valued at approximately $21 billion. The transaction consolidated the two largest combat sports promotions under unified ownership, eliminating the competitive dynamic that had defined professional wrestling for decades. WWE shareholders received consideration through equity in the newly formed public company, effectively converting private WWE ownership into publicly traded TKO stock.