WWE purchased by UFC parent company

STAMFORD, Conn. (WBRC) – After months of speculation, World Wrestling Entertainment (WWE) announced on Monday that the company will sell to the parent company of UFC, Endeavor. WWE and UFC will be combined into a new, publicly listed company with Endeavor holding 51% controlling interest and existing WWE shareholders will hold a 49% of the new company. “This is a rare opportunity to create a global live sports and entertainment pureplay built for where the industry is headed,” said Endeavor CEO Ariel Emanuel. “For decades, Vince and his team have demonstrated an incredible track record of innovation and shareholder value…