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WEKU

The Associated Press

UFC and WWE will team up to form a $21.4 billion sports entertainment company

WWE UFC Vince McMahon Endeavor Entertainment Ari Emanuel Ronda Rousey CNBC World Wrestling Entertainment

Roman Reigns holds up the WWE Universal Championship belt after defeating Jey Uso during an October 2020 match in Orlando, Fla. (WWE via AP)

WWE and the company that runs Ultimate Fighting Championship will combine to create a $21.4 billion sports entertainment company.

A new publicly traded company will house the UFC and World Wrestling Entertainment brands, with Endeavor Group Holdings Inc. taking a 51% controlling interest in the new company. Existing WWE shareholders will hold a 49% stake.

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