The transaction values the WME owner at $13 billion.
"Together, we will be a $21+ billion live sports and entertainment powerhouse," says Vince McMahon, who remains executive chairman at WWE.
The firm will be backfilling positions, however, and the company won't be cutting travel, expenses or instituting broader spending cuts.
The company completed its acquisition of OpenBet in the quarter, paving the way for a new sports betting segment.
