Another Law Firm Investigating WWE's Sale To Endeavor

WWE's sale to Endeavor and upcoming merger with UFC under a new parent company is being investigated by another law firm in the United States.

Julie & Holleman LLP have announced it is investigating the sale and potential legal claims about the fairness of the merger and potential conflicts of interest. The law firm believes Silver Lake - the majority shareholders of Endeavor - may have diverging interests from other shareholders and the organisation could use their controlling stake "to extract unfair benefits." The law firm is also concerned the WWE sale to Endeavor might have led to the upcoming sale of IMG Academy for $1.25 billion. 

Law firm Ademi LLP is already investigating WWE for "possible breaches of fiduciary duty and other violations of law in its transaction with Endeavor".

It was announced on Monday, April 3, only hours after WrestleMania 39, that Vince McMahon had agreed to sell WWE to Endeavor. WWE will merge with UFC under a new parent company by the end of 2023 and Vince McMahon will serve as the Executive Chairman of the new organisation. Nick Khan will be the President of WWE, moving from his position as CEO. 

The UFC-WWE merger will lead to "aggressive" cuts within WWE's offices but Nick Khan has claimed cuts won't affect the company's TV product.