Posted on 5/10/123 by Colin Vassallo
Endeavor CEO Ari Emanuel was on Squawk on the Street on CNBC
today to discuss the company’s Q1 earning results and of
course touched on the upcoming acquisition of WWE.
Asked if he will have any problems managing both UFC
President Dana White and WWE Executive Chairman Vince
McMahon at the same time, Emanuel said no and noted that he
worked and represented the UFC way before they bought the
company and same with WWE, so he does not anticipate any
Emanuel said that he’s gonna let them do what they do while
he will take charge of saving costs and adding sponsorships
worldwide to WWE.
He also added that they’re still waiting on the Department
of Justice to approve the merger and they haven’t pushed
back on the plan to finalize this within a few months.
Once the acquisition is complete, Endeavor will control 51%
of WWE and it will merge with the UFC under one parent
company which will trade under the symbol TKO on the NYSE.
The name of the parent company is still being kept under