WWE is saying goodbye to existing as a family-run business as it joins with the company that runs Ultimate Fighting Championship to create a $21.4 billion sports entertainment company.
The deal announced Monday between Endeavor and World Wrestling Entertainment, hours after Wrestle Mania 39.
Vince McMahon purchased Capitol Wrestling from his father in 1982, and took the regional wrestling business to a national audience with stars such as Andre the Giant, Hulk Hogan, “Stone Cold” Steve Austin, John Cena and Dwayne “The Rock” Johnson. The company, which changed its name to World Wrestling Federation and later World Wrestling Entertainment, hosted its first WrestleMania in 1985.
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