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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.
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.
On April 7, McMahon entered into a stock sale agreement with TKO, which will purchase 1.85 million of his shares in TKO at a per-share price of $89.01 for an aggregate amount of $165 million, per ...
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% ...
Vince McMahon, the founder of WWE who resigned from the board of TKO Group earlier this year amid sexual assault allegations against him, filed to sell more than $400 million worth of TKO stock ...
On April 29, 2021, Endeavor launched an initial public offering (IPO) and became a publicly traded company listed on New York Stock Exchange. [25] Endeavor subsequently used some of the proceeds from the IPO to buy out Zuffa's other shareholders at a value of $1.7 billion, making Zuffa a wholly-owned subsidiary of Endeavor. [26]
The price of TKO shares is pegged to WWE’s stock price, which has factored in the cutover to the new issue. ... per a Wall Street Journal report. WWE said McMahon had taken a medical leave in ...