Massive news to share just hours before night 2 of WrestleMania gets underway, as it seems WWE may be in the process of finalizing a deal to be bought out by UFC's parent company!
Endeavor is reportedly in advanced talks to purchase the company in a deal that could be announced as soon as Monday.
CNBC's Alex Sherman is claiming that WWE and UFC would merge into one publicly traded company, 51% of which would be owned by Endeavor, and the other 49% by WWE shareholders.
The deal will give WWE an enterprise value of $9.3 billion.
Vince McMahon is expected to remain on board as executive chairman of WWE, with Endeavor CEO, Ari Emanuel, as the new company's chief executive.
UPDATE: Deadline has now confirmed the news, adding that "Plans call for the wrestling circuit to be combined with the mixed martial arts of UFC in a new, separate combat sports giant."
We're not sure how an entirely new entity comprised of WWE and UFC will operate, but one thing seems certain: Big changes are coming!
Keep an eye on The Ring Report for updates, and be sure to check back later for our WrestleMania night 2 coverage.