WWE and UFC Agree to Massive Merger Creating $21 Billion Company

WWE chief Vince McMahon at a press conference in East Rutherford, New Jersey, on Feb. 16, 2012. Michael N. Todaro/Getty Images

World Wrestling Entertainment (WWE) and Ultimate Fighting Championship (UFC) have agreed to merge and create a newly combined wrestling entertainment company.

The new entity will be called “NewCo,” until it is named at a later date, and will be listed on the New York Stock Exchange as TKO.