Paul Weiss advised World Wrestling Entertainment Inc. on its merger with Ultimate Fighting Championship to form a new publicly traded company, according to a Monday announcement.
The new company will be controlled by Endeavor Group Holdings Inc., the owner of UFC, which was advised by Latham & Watkins in the transaction. Endeavor will own a 51% stake in the new entity, while WWE shareholders will own the other 49%.
The deal values the entities at a combined enterprise value of $21.4 billion.
Paul, Weiss, Rifkind, Wharton & Garrison partners Kyle Seifried and Scott Barshay led the Wall Street law firm’s ...
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