WWE Stock Recent News

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.

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.