Vince McMahon and Endeavor's WWE deal under scrutiny.
TL;DR Summary
Law firm Ademi LLP is investigating whether WWE's board of directors obtained a fair and reasonable price in the sale process to Endeavor Group Holdings. The investigation alleges that WWE's financial outlook and prospects are excellent, yet the transaction values WWE's shares at only approximately $106 per share. The merger would value WWE at $9.3 billion, with Endeavor shareholders owning 51% of the new company and WWE shareholders owning 49%. Vince McMahon would remain the executive chairman.
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- Endeavor rises as Morgan Stanley reiterates overweight after WWE deal (NYSE:EDR) Seeking Alpha
- Dana White discuses UFC and WWE's $21 billion merger: Vince McMahon a 'savage', Ari Emanuel a 'beast' Bloody Elbow
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