Wednesday, September 13, 2023

The Merger

It was a big day in the professional wrestling world yesterday. In fact, it was equally significant for the mixed martial arts world.

That's because World Wrestling Entertainment and the Ultimate Fighting Championship merged as one and began trading on the New York Stock Exchange under the name TKO.

The merger now means that Vince McMahon - despite being a major stakeholder in TKO Group Holdings - will have reduced power in WWE. McMahon has been appointed the executive chairman of the new conglomerate.

I have had a look at the Wall Street Journal this morning and it is the head story in the section which solely focuses on 'Business and Finance'. It included a picture of Logan Paul and Ricochet from this year's Royal Rumble.

It's an interesting time for the business of pro wrestling for sure. 

TKO Merger

No comments:

Post a Comment