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World Wrestling Entertainment (WWE) stock fell on Wednesday after briefly spiking amid a report that Saudi Arabia’s Public Investment Fund (PIF) fund was buying the company.
WWE shares were down in after-hours trading Thursday after falling well short of fourth-quarter earnings and revenue forecasts. In Q4, revenue fell 26% from the prior-year quarter to $238.2 million.
World Wrestling Entertainment (WWE) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes. World Wrestling Entertainment (WWE) Jumps: Stock Rises 6.4% Skip ...
WWE and Endeavor announced Monday that the two public companies would combine in a deal valuing both companies at more than $21 billion. WWE is being valued at $9.3 billion, a more than 33% ...
Since 2011, the company has branded itself solely with the initials WWE, though the legal name did not change at the time. [21] WWE's majority owner was its executive chairman, third-generation wrestling promoter Vince McMahon, who retained a 38.6% ownership of the company's outstanding stock and 81.1% of the voting power before the merger.
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WWE has had a partnership with the Make-A-Wish Foundation that spans four decades. [246] Multi-time WWE champion John Cena has granted more wishes than any other celebrity in history, having completed his 500th wish in August 2015. [247] WWE has had a partnership with the United Service Organizations since the early 2000s. [248]
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