HomeAbout

TL;DR CNBC


WWE shares jump as Vince McMahon stages comeback - TL;DR CNBC

WWE shares jump as Vince McMahon stages comeback

Publishing timestamp: 2023-01-05 21:41:37


Summary

Vince McMahon, the controlling shareholder of World Wrestling Entertainment (WWE), announced his return to the company as executive chairman. His return is necessary as the company gears up for negotiations over media rights and strategic alternatives. Shares of the company jumped 10% after hours following McMahon's announcement. McMahon had retired last year amid investigation into payments former CEO made regarding alleged instances of sexual misconduct.


Sentiment: POSITIVE

Tickers: WWE

Keywords: mediabusinessentertainmentbusiness newsvince mcmahonworld wrestling entertainment incsports

Source: https://www.cnbc.com/2023/01/05/vince-mcmahon-stages-wwe-comeback.html


Developed by Leo Phan