WWE STOCK PRICE: Following WrestleMania 39’s huge success, Vince McMahon sold its majority of shares to UFC parent company Endeavor. This led to a new agreement in forming a new company featuring both WWE and UFC. The WWE UFC Merger has brought everyone’s eye to WWE as well as UFC. After a massive success since WrestleMania 38, WWE has topped the table with consistent growth and increased sponsorships. However, the recent WWE-UFC merger agreement has led down the WWE stock during the first half of WWE Raw.
WWE Stock Price: WWE experiences slight fall in WWE shares following WWE-UFC merge with Endeavor group
WWE and UFC are big brands in the world of combat sports. WWE focuses on professional wrestling and pure entertainment while UFC focuses on delivering mixed martial arts through real fights. Recently, the Endeavor group merged these two companies leading to a $21 billion agreement that made a lot of buzz in the market.
$WWE shares open down about 7% to $85, probably as there was hope of a cash deal possibly with the Saudi PIF baked into the stock price.
The WWE-UFC merger is an all-stock deal. pic.twitter.com/hZRVelGWQS
— Brandon Thurston (@BrandonThurston) April 3, 2023
Unfortunately, on the first day following Vince McMahon’s WWE sale, WWE shares saw a drop during the Raw after WrestleMania. During the first hour of WWE Raw, WWE shares fall by 5% to 7%. This led to a negative feelings among the fans as well as the investors but the company recovered from the downfall in a short time. The recorded stock price of WWE was $85.0900.
What is the current price for WWE shares?
Following a downfall during the first half of WWE Raw, Vince McMahon’s company saw a decline in WWE stock price. However, the company recovered its stock price in less than 12 hours and brought the numbers back on top. WWE’s current stock price stands at $92.74 of this writing.
After Mr. McMahon sold the majority of its stakes to the Endeavor group, WWE shares are owned majorly by the Endeavor group with 51%. This means the Endeavor group has more control over creative direction and other major decisions. On the other hand, 49% of WWE shares are held by the remaining shareholders.
Many WWE fans are happy with WWE’s deal as Vince McMahon regained control of the creative team for major WWE matches featuring names like Roman Reigns, Brock Lesnar, and more. Despite Triple H being the Chief Content Officer, the majority of the fans believe Mr. McMahon is heavily involved in creative bookings.
What could be the obvious reason for WWE’s Stock Price fall? Will WWE get back on a consistent increase share price? Tell us in the comments.
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