WWE Stock Soars After UFC Merger Deal

Vince McMahon’s return to WWE as the Executive Chairman was an indication that he planned on selling the company to the highest bidder. After almost three months of going back and forth between potential buyers, WWE was sold to UFC’s parent company Endeavor. Now it seems WWE’s stock saw a huge spike following the deal.

Endeavor is now the controlling owner of WWE, and they will merge UFC and WWE into a new publicly traded company. This is truly a massive deal and will bring about a ton of changes in the course of a few months.

According to 411Mania, following WWE’s announcement that they were sold to Endeavor, the company’s stock rose to its highest point in almost four years. The stock closed at $97.23 on Tuesday, which showed a massive increase of $7.93 (8.88%) from the previous closing price.

This marks the stock’s highest value since April 24th 2019, when it closed at $98.50. That said, in after-hours trading, the stock has slightly decreased to $96.95 as it was down by $0.28 from the closing price.

According to Forbes’ updated profile, Vince McMahon earned $198 million today on the stock rising and is now worth $3.1 billion. His all-time high worth is $3.2 billion, which happened back in 2019.

Vince McMahon is already back in the Creative fold after making numerous changes on this week’s episode of Monday Night RAW. WWE’s stock rising on the same day might just be an indication of what is to come in the future. Regardless, we’ll have to wait and see how WWE’s stock will continue to care in the coming weeks.

What impact do you think the WWE-UFC merger will have on pro wrestling? Are you surprised by WWE’s stock rising? Sound off in the comments!