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On April 7, 2011, WWE, via the WWE Corporate website, the company ceased using the full name World Wrestling Entertainment and henceforth referred to itself solely as WWE, making the latter an orphan initialism. This was said to reflect WWE's global entertainment expansion away from the ring with the ultimate goal of acquiring entertainment ...
Since 2011, the company has branded itself solely with the initials WWE, though the legal name did not change at the time. [21] WWE's majority owner was its executive chairman, third-generation wrestling promoter Vince McMahon, who retained a 38.6% ownership of the company's outstanding stock and 81.1% of the voting power before the merger.
In April 2023, Endeavor and WWE announced a merger to form TKO Group Holdings, a new public company majority-owned by Endeavor, with McMahon serving as executive chairman of the new entity, and Nick Khan becoming president of the WWE while Dana White maintaining his position as president of the UFC. The merger was completed on September 12, 2023.
Investors cheered as TKO Group Holdings, the new parent company of UFC and WWE, clambered into the Wall Street ring. Shares of TKO, which began trading Tuesday on the New York Stock Exchange ...
Antony Rafiq Khan [1] (born October 10, 1982) is an American businessman, promoter, and sports executive. He is known for his involvement in American football, professional wrestling, and association football.
Vince McMahon continues to cash out his stock in TKO Group Holdings, the company formed by the merger of WWE and UFC that is majority-owned by Endeavor. McMahon, the founder of WWE, resigned from ...
WWE has been purchased by Ari Emanuel's Endeavor Group, the parent company of mixed martial arts promotion UFC, for a reported $9.3 billion.
WWE and UFC continue to operate as separate divisions of the company with WWE focusing on professional wrestling and UFC focusing on mixed martial arts. In 2023, WWE's legal name was changed to World Wrestling Entertainment, LLC, though the branded name remained WWE. [1] WWE is the largest pro wrestling promotion in the world.