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WWE and UFC Complete $21 Billion Merger, Forming TKO Group
- Client News
- September 12, 2023
Paul, Weiss advised World Wrestling Entertainment, Inc. (WWE) in its agreement with Endeavor Group Holdings, Inc. to form a new publicly listed company, TKO Group Holdings, Inc., comprised of two iconic complementary global sports and entertainment brands: UFC and WWE. Under the deal valued at more than $21 billion, Endeavor holds a 51% controlling interest and former WWE shareholders hold a 49% interest in TKO.
The Paul, Weiss team was led by partners Kyle Seifried, Scott Barshay, Daniel Kramer and Jean McLoughlin and counsel Benjamin Goodchild, and included corporate partners Raphael Russo, John Kennedy, Suhan Shim and Manuel Frey, and counsel Patricia Vaz de Almeida, David Sobel and Jason Tyler; litigation partners Ted Wells, Richard Tarlowe, Joshua Soven, Geoffrey Chepiga, Andre Bouchard and Mark Mendelsohn, and counsel Jared Nagley, Steven Herzog, Peter Jaffe, Matthew Stachel and Mitchell Webber; executive compensation counsel Cynthia Akard; tax partners Brian Krause and Jeffrey Samuels; intellectual property and entertainment partner Charles Googe; real estate partner Salvatore Gogliormella; antitrust counsel Marta Kelly; and environmental counsel William O’Brien.