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World Wrestling Entertainment has been sold to Endeavor Group, the parent company of competitor UFC, to form a new publicly traded company.
WWE Chairman Vince McMahon locked in a two-year employment agreement as the company seeks potential acquisition bids.
WWE CEO Nick Khan joins 'Closing Bell Overtime' to discuss WWE's Wrestlemania weekend, the potential sale of WWE, and the possibility to introduce a betting system for WWE.
World Wrestling Entertainment Inc. WWE, +0.71% on Friday said Executive Chairman Vince McMahon agreed to pay the pro-wrestling media giant around $17.4 million to cover costs the company took on related to a board committee investigation into allegations of sexual misconduct. “Such payment was made” on Thursday, WWE said in a filing.
Vince McMahon loves his company and is also set in his ways. That is not a good combination for a potential buyer. A 50% premium being sought by WWE is unlikely to come through.
CNBC's Contessa Brewer joins Brian Sullivan and 'Last Call' to report on whether the WWE's made any progress in its effort to allow gamblers to bet on scripted wrestling matches.
Gaming operators and regulators smack down a reported effort by the WWE to enter the gambling fray.
WWE has reportedly pitched gambling regulators in Colorado and Michigan on its plan.
Yahoo Finance's Josh Schafer joins the Live show to discuss reports that the WWE has reached out to state gambling regulators in Colorado and Michigan to allow betting on scripted matches.
World Wrestling Entertainment Inc. WWE, +0.36% is in discussions with Colorado and Michigan state regulators to legalize betting on the company's events, according to a CNBC report Wednesday.