UFC parent company Endeavor is nearing a deal to acquire WWE.
According to a report Sunday by CNBC, an announcement on the acquisition could come as soon as Monday with final details being worked out. As part of the terms of the deal, the UFC and WWE are expected to form a new publicly traded company.
Endeavor CEO Ari Emanuel will still oversee Endeavor, in addition to the new company. Vince McMahon and Endeavor president Mark Shapiro will serve as executive chairmen. Dana White will remain UFC president while current WWE CEO Nick Khan will be the president of the pro wrestling brand.
