Endeavor Signs Agreement That Will Form New Publicly Held Company That Will Include WWE And UFC

Reality Check

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Too early to ask, but if UFC fighters getting underpaid before this merger is an indicator, then I'd expect something like that to happen for the WWE, but again it's way too early to tell.

There's also the UFC lawsuit that Endeavor is dealing with right now that could cost them tons of money.

 

The Rainmaker

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Somebody add horns and a fire background. The devil walks among us!

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Flex Luger

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WWE President Nick Khan just issued an email to all employees announcing that all employees are to work remotely tomorrow as the company will beginning post-Endeavor acquisition layoffs.

Employees have been asked to remain home and work from there tomorrow in order to allow the company's human resources department to be able the layoffs privately.

Endeavor's Ari Emanuel noted on CNBC earlier this week that with WWE and UFC merging under one new parent company TKO, that there would be savings made through eliminating redundancies in employees across the two companies.

As PWInsider.com has noted for weeks, there have been great concerns among WWE employees in Stamford what their future would hold after the acquisition. Tomorrow, they will begin to find out, and for some of them, it will be the end of their WWE run.
 
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