Daily Mail: WWE 'could be sold by Vince McMahon to UFC's parent company'

Story from Daily Mail:

Vince McMahon is reportedly in advanced talks to sell the WWE to Endeavor Group – the organization that owns the UFC - and the wrestling circuit is being valued at $9.3 billion.

CNBC is told by 'people familiar with the matter' that a deal could be announced on Monday, adding that the UFC and WWE would be spun off into a new publicly traded company.

Endeavor's stake will be 51 percent, according to CNBC, while WWE shareholders would retain 49 percent of the company.

According to the report, Ari Emanuel would act as chief executive of both his Endeavor Group and the new conglomerate.

Vince McMahon, likewise, is expected to be executive chairman having just returned for an agreed two-year term. Meanwhile, Endeavor president Mark Shapiro will also work in the same role at the new company. Dana White will remain as president of UFC, while WWE CEO Nick Khan will serve as president of the wrestling business. 6-The deal appraises the WWE at $9.3 billion, CNBC reports.

Endeavor would own 51 percent of the new company, while WWE shareholders would get 49 percent.

UFC president Dana White has not commented publicly on the matter.

UFC box office legend Conor McGregor has commented, though.

The Irishman seems to be salivating at the idea of operating under the same roof as WWE and has already goaded the WWE locker room.

SportsMail understands that although talk of a WWE sale have been hanging around for months, talent is surprised that the news has accelerated during their most important weekend of the year.

Understandably, it's the talk of the locker room and the post-show press conference with Triple H will likely yield more tangible answers.

It will be an incredible deal for McMahon either way. He was forced into retirement last July amid sexual misconduct allegations and hush money payoffs, but now he will collect millions for the sale, keep stock in a powerful combined company and, on top of that, he'd be the second most powerful man/ranking officer in this new juggernaut.