New, Publicly Listed Company to be 51% Owned by Endeavor and 49% by Existing WWE Shareholders. Endeavor to Contribute UFC into Company at Enterprise Value of $12.1 Billion
Former Montgomery County resident Vince McMahon, owner of World Wrestling Entertainment, has entered an agreement with Endeavor, the parent company of UFC, “to form a new, publicly listed company consisting of two iconic, complementary, global sports and entertainment brands: UFC and WWE.” McMahon and his family lived on Stedwick Dr in Montgomery Village in the late 60’s/early 70’s. His son Shane McMahon, who returned to the company at Sunday night’s Wrestlemania and injured himself at the event, was born while the family lived in the area and considers himself a Gaithersburg native.