On Friday, WWE submitted a 549-page S-4 Form to the SEC. In the background, the technical paperwork needed to inch further toward the melding of sports-entertainment properties continues to be filed. Current reports have the merger set to officially take effect in the second half of 2023. For all the i’s to be dotted and t’s to be crossed, the deal must be approved by regulators, via a lengthy review process first. The merger between UFC and WWE is still some time away from becoming a reality. Lengthy filing provides insight into merger UFC’s parent company, Endeavor, only first went public in 2021. The wrestling promotion first went public in 1999 and has been listed on the NYSE since. Of the two, WWE has a long history on the stock market. Endeavor’s announcement last month stated that the merger will form a new company worth over $21 billion. A filing with the Securities and Exchanges Commission (SEC) confirmed the agreement on April 2, and the deal was publicly announced the next day. News first broke in early April that the two companies-which are already publicly traded-would break off into a new publicly traded entity on the New York Stock Exchange (NYSE).
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |