WWE Stock Suffers Big Plunge Following Sale To Venture

As we reported here on eWn previously today, Endeavor Group has actually consented to get WWE, who will combine it with the UFC to form a brand-new business valued at over $21 billion. Venture will own 51% of the business while WWE investors own 49%. That business will trade on the NYSE (New York Stock Exchange) as TKO.

Bloomberg is reporting that the news of Endeavor getting WWE has actually led to WWE stock dropping more than it has in the last 2 years. WWE stock closed on Friday at $91.26 and opened today at $85.60. It is presently trading at $86.50. Remarkably, WWE’s stock had actually closed at an almost three-year peak on Thursday heading into WrestleMania 39.

Venture closed at $23.93 on Friday and opened today at $24.49. It is presently trading at $22.30.

You can have a look at even more information about the approaching merger here.

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