WWE confirms Vince McMahon is rejoining the board, stock spikes
Publishing timestamp: 2023-01-06 15:47:45
Summary
World Wrestling Entertainment (WWE) confirmed on Friday that former CEO and majority shareholder Vince McMahon will be reinstated to the company's board. The news caused the company's stock to spike 17% to more than $84 per share. WWE also announced that it would review "strategic alternatives" including a potential sale. The stock has seen a 70% increase in the last 12 months and has a market capitalization of more than $6 billion.
Sentiment: POSITIVE
Tickers: WWE,
Keywords: media, business, entertainment, lawsuits, business news, vince mcmahon, world wrestling entertainment inc, sports,
Source: https://www.cnbc.com/2023/01/06/wwe-confirms-vince-mcmahon-is-rejoining-the-board-stock-spikes.html