WWE’s merger with the UFC is a big deal, and it is also making a lot of money for anyone who owned WWE stock before the merger went down.
The merger of WWE and UFC was finalized today, bringing them under the new name of TKO Group Holdings, Inc. This merger falls under the umbrella of Endeavor, and today marks the commencement of trading for the newly merged entity on the New York Stock Exchange, using the ticker symbol “TKO.”
On WWE’s final trading day, the company’s stock closed at $100.65 per share on Monday. As of now, the stock price for TKO stands at $102.25 per share. That is quite a nice bump, and the stock price is likely to continue to rise until it levels off and finds a new normal.
WWE employees were also already sent an email from Nick Khan about the merger. They were told to carry on as usual, because there is still a job to do within WWE.
Vince McMahon already released his first public statement on the merger, and he is very hopeful about the possibilities. Now, TKO Holdings Group is on their way to making investors a lot of money, especially if they owned WWE stock prior to the merger.
What’s your take on WWE’s new company with the UFC? Sound off in the comments below to let us know what you think about TKO Holdings Group!
September 12, 2023 10:20 am