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WWE President Nick Khan issued the following memo to WWE Employees this morning:
This morning, we announced that WWE and the UFC have officially come together to form TKO Group Holdings, creating a new premium sports and entertainment company. TKO will begin trading today on the New York Stock Exchange under the ticker symbol “TKO.”
A big thank you to all of you for the hard work and commitment that helped us achieve this milestone. As we now begin this transition, we will be in touch with more details.
In the interim, we will be communicating with each of you regarding new policies and procedures. HR will also be available to answer any and all questions you may have.
We know when companies undergo change it can feel like uncertain times. The special culture that WWE has cultivated over its long history is what has allowed our business to flourish and we will be preserving that as WWE and UFC both continue to grow together as part of TKO.
As always, we’ll continue to focus on the work throughout this transition and make sure to communicate with all of you throughout the process.
Thank you,
Nick Khan
***
News of the Khan's memo was first reported by Brandon Thurston of Wrestlenomics.com. PWInsider.com has independently acquired a copy of the memo.
Beyond Khan's statement, it has been business as usual within WWE HQ today PWInsider.com is told.
Obviously, there is a lot of trepidation and worry about what the takeover means for employees, but nothing has been related in that regard as of this writing.
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