WWE Stock Recent News

World Wrestling (WWE) with Endeavor is set to establish a publicly listed company with two complementary, global sports and entertainment brands, namely, UFC and WWE.

World Wrestling Entertainment, Inc. (NYSE:WWE ) UFC and WWE To Form Global Live Sports and Entertainment Company April 3, 2023 8:00 AM ET Company Participants James Marsh - IR, Endeavor Group Ari Emanuel - CEO, Endeavor Group Mark Shapiro - President and COO, Endeavor Group Jason Lublin - CFO, Endeavor Group James Marsh Good morning. My name is James Marsh, Head of Endeavor's Investor Relations.

World Wrestling Entertainment Inc. ( WWE , Financial) has been seeking a buyer for months as executive chairman and majority shareholder Vince McMahon looks to get the best deal before the company's media rights for "Raw" and "Smackdown" expire in October 2024. The wrestling giant reportedly had several suitors, but on Monday, it finally announced that it has agreed to merge with UFC's parent company Endeavor Group Holdings Inc. ( EDR , Financial) in a deal that values it at $9.3 billion.

Vince McMahon called Monday “a great day” as his iconic company announced plans to sell a controlling stake to Endeavor in a merger with professional wrestling rival UFC. “Things have to evolve. A family business has to evolve, for all the right reasons.

2 Yahoo Finance Live team discusses plans for WWE to merge with UFC-parent Endeavor Group to form a combined entertainment company.

Options traders are blasting World Wrestling Entertainment, Inc.  (NYSE:WWE) today, with 17,000 calls and 12,000 puts exchanged so far -- six times the average intraday volume.

If Vince McMahon's return to World Wrestling Entertainment Inc. was still in doubt, it isn't any longer, after the company's biggest weekend in years.

Endeavor Group, a sports media conglomerate, has announced that it will spin out the Ultimate Fighting Championship into a new joint business with the WWE. The deal will see Endeavor own 51% of the new business, whilst WWE shareholders will retain the other 49%.

World Wrestling Entertainment (NYSE: WWE ) stock is on the move Monday as investors prepare for the company to combine with UFC parent Endeavor Group (NYSE: EDR ). This merger will result in the creation of a new company that will act as the parent company of both WWE and UFC.

In an apparent textbook case of “buy the rumor, sell the news,” World Wrestling Entertainment (NYSE: WWE ) stock is declining 6% today. The drop comes after Endeavor (NYSE: EDR ), the parent company of the ultimate Fighting Championship (UFC), and WWE announced that they would merge in a deal valued at more than $21 billion.