The marriage of UFC and WWE is complete: Endeavor and WWE announced the close of their deal to create TKO Group Holdings, merging the wrestling entertainment company and MMA leader UFC. The hope is…
as executive chairman to head up efforts to sell WWE.
On a pro-forma basis, TKO had $2.43 billion in revenue for 2022 and net income of $351.8 million after accounting adjustments. TKO will assume $2.73 billion in debt from UFC, taking that off Endeavor’s balance sheet. With the deal closed, Endeavor’s debt-to-equity ratio will be about 2.8X while TKO will be 2.5X levered.
Dana White is now CEO of UFC, and Lawrence Epstein remains senior executive VP and COO of UFC. Nick Khan continues at WWE in the role of president and will have a seat on TKO’s board.
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