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McMahon resigned as executive chairman of the WWE earlier this year after a former employee, Janel Grant, accused him of sexual abuse and trafficking.
Endeavor Group Holdings, the majority owner of both the WWE and UFC through TKO Holdings, saw its shares skyrocket nearly 25% after hours Wednesday after alluding to a potential future sale. “Given the continued dislocation between Endeavor's public market value and the intrinsic value of Endeavor's underlying assets, we believe an evaluation of strategic alternatives is a prudent approach to ensure we are maximizing value for our shareholders,” CEO Ari Emanuel said in a statement.
Nathaniel August, Mangrove Partners founder, discusses his bearish case for World Wrestling Entertainment and why he's bullish on Fortress Investment.
TKO—the result of a recent merger between UFC and WWE—announced the deal with NBCUniversal on Thursday.
On August 24, World Wrestling Entertainment, Inc. NYSE: WWE was like a beefy man in tights standing atop the ropes in preparation for a takedown. The specialty media group had just announced record ticket sales for the upcoming 'WrestleMania 40' at Lincoln Financial Field in Philadelphia.
UFC parent Endeavor Group and World Wrestling Entertainment said today they expect to close the planned merger of UFC and WWE on September 12. That's on the earlier end of expectations as Endeavor said in August it expected the deal to close in mid-to-late September.
World Wrestling Entertainment Inc ( WWE , Financial) is a renowned name in the media industry, specializing in professional wrestling. The company has a market capitalization of $9.37 billion and a stock price of $112.72 as of August 10, 2023.
World Wrestling's (WWE) second-quarter results reflect a year-over-year improvement in both earnings and revenues due to a shift in the staging time of a large-scale international event.
WWE announced a multilayered partnership with Slim Jim on Thursday. The brand is the presenting sponsor for a battle royal at SummerSlam.
WWE chairman Vince McMahon was hit with a search warrant and federal grand jury subpoena, the company said in a filing to the SEC on Wednesday.