Endeavor buys WWE: Billion-dollar merger with UFC | Works24

World Wrestling Entertainment, run by the McMahon family for decades, has been purchased by Endeavor Group Holdings Inc., parent company of the UFC.

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WWE has undergone significant changes over the past year. Vince McMahon announced his retirement in July following an investigation into sexual misconduct allegations and then returned to his role as executive chairman of the board after a unanimous vote in January.

In a subsequent move, McMahon's daughter, Stephanie, resigned from her role as co-CEO and chairwoman. She served alongside fellow CEO Nick Khan and chief content officer and former WWE star Paul "Triple H" Levesque.

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