BRIEF-Endeavor Says UFC And WWE To Form An Over $21 Billion Global Live Sports & Entertainment Co

Endeavor Group Holdings Inc: * ENDEAVOR ANNOUNCES UFC® AND WWE® TO FORM A $21+ BILLION GLOBAL LIVE SPORTS AND ENTERTAINMENT COMPANY

* ENDEAVOR GROUP HOLDINGS INC - NEW, PUBLICLY LISTED COMPANY TO BE 51% OWNED BY ENDEAVOR AND 49% BY EXISTING WWE SHAREHOLDERS * ENDEAVOR GROUP HOLDINGS INC - NEW, PUBLICLY LISTED COMPANY TO BE 51% OWNED BY ENDEAVOR AND 49% BY EXISTING WWE SHAREHOLDERS

* ENDEAVOR GROUP HOLDINGS INC - NEW, PUBLICLY LISTED COMPANY TO BE 51% OWNED BY ENDEAVOR AND 49% BY EXISTING WWE SHAREHOLDERS * ENDEAVOR GROUP HOLDINGS INC - ENDEAVOR TO CONTRIBUTE UFC INTO COMPANY AT ENTERPRISE VALUE OF $12.1 BILLION

* ENDEAVOR GROUP HOLDINGS INC - TRANSACTION VALUES UFC AT AN ENTERPRISE VALUE OF $12.1 BILLION AND WWE AT AN ENTERPRISE VALUE OF $9.3 BILLION * ENDEAVOR GROUP HOLDINGS INC - DEAL REPRESENTS A CONTRIBUTION PRICE OF WWE OF APPROXIMATELY $106 PER SHARE (BEFORE ANY POST-CLOSING DIVIDEND)

* ENDEAVOR GROUP HOLDINGS INC - TRANSACTION REPRESENTS A CONTRIBUTION PRICE OF WWE OF APPROXIMATELY $106 PER SHARE (BEFORE ANY POST-CLOSING DIVIDEND) * ENDEAVOR GROUP HOLDINGS INC - NEW COMPANY WILL BE LED BY EMANUEL (CHIEF EXECUTIVE OFFICER)

* ENDEAVOR GROUP HOLDINGS INC - DANA WHITE WILL CONTINUE IN HIS ROLE AS PRESIDENT OF UFC AND NICK KHAN WILL SERVE AS PRESIDENT OF WWE * ENDEAVOR GROUP HOLDINGS INC - UFC AND WWE EXPECT TO DELIVER AN ESTIMATED $50 MILLION TO $100 MILLION IN ANNUALIZED RUN RATE COST SYNERGIES

* ENDEAVOR GROUP HOLDINGS INC - UFC AND WWE WILL EACH CONTRIBUTE CASH TO NEW COMPANY SO THAT IT HOLDS APPROXIMATELY $150 MILLION * ENDEAVOR GROUP HOLDINGS INC - TRANSACTION VALUES UFC AT AN ENTERPRISE VALUE OF $12.1 BILLION

* ENDEAVOR GROUP HOLDINGS INC - TRANSACTION HAS BEEN UNANIMOUSLY APPROVED BY EXECUTIVE COMMITTEE OF BOARD OF DIRECTORS OF ENDEAVOR AND BY BOARD OF WWE * ENDEAVOR GROUP HOLDINGS INC - AT CLOSING, ENDEAVOR INTENDS TO SWEEP ALL EXCESS CASH AT UFC

* ENDEAVOR GROUP HOLDINGS INC - TRANSACTION VALUES UFC AT AN ENTERPRISE VALUE OF $12.1 BILLION TRANSACTION VALUES WWE AT AN ENTERPRISE VALUE OF $9.3 BILLION * ENDEAVOR GROUP HOLDINGS INC - SHAREHOLDERS OF NEW COMPANY (OTHER THAN ENDEAVOR) ARE EXPECTED TO RECEIVE A POST-CLOSING DIVIDEND

* ENDEAVOR GROUP HOLDINGS INC - TRANSACTION IS EXPECTED TO CLOSE IN SECOND HALF OF 2023 * ENDEAVOR GROUP HOLDINGS INC - EXISTING WWE SHAREHOLDERS WILL ROLL ALL EXISTING EQUITY INTO NEW ENTITY THAT WILL BE PARENT COMPANY OF UFC AND WWE

* ENDEAVOR GROUP - NEW CO TO BE LED BY MCMAHON (EXECUTIVE CHAIRMAN OF BOARD) & MARK SHAPIRO, WHO WILL BE PRESIDENT & COO OF BOTH ENDEAVOR AND NEW CO * ENDEAVOR GROUP HOLDINGS INC - NEWCO INTENDS TO LIST ON NEW YORK STOCK EXCHANGE UNDER TICKER SYMBOL "TKO"

* ENDEAVOR GROUP HOLDINGS INC - BOARD OF DIRECTORS WILL CONSIST OF 11 MEMBERS WHO WILL BE APPOINTED AT A LATER DATE * ENDEAVOR GROUP HOLDINGS INC - NEW CO'S BOARD OF DIRECTORS WILL CONSIST OF SIX OF WHOM WILL BE APPOINTED BY ENDEAVOR AND FIVE OF WHOM BY WWE Source text for Eikon: Further company coverage:

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