Vince McMahon called Monday “a great day” as his iconic company announced plans to sell a controlling stake to Endeavor in a merger with mixed martial arts firm UFC. “Things have to evolve.
A family business has to evolve, for all the right reasons. And this is the right business decision, and it’s the right family decision,” McMahon said in an interview today on CNBC.
McMahon’s father founded WWE in 1953 and colorful Vince McMahon has been its public face for decades, growing it into an international powerhouse.
But the majority owner of WWE stepped down as CEO, then from the board in 2022, amid a scandal over payments to hush up sexual encounters.
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