Vince McMahon’s return to WWE as the Executive Chairman made it evident that he planned on taking over the company again. That is exactly what happened and in just the span of three months, McMahon managed to sell the company after discussing with numerous potential buyers. WWE was sold to UFC’s parent company Endeavor and this shocked the world in many ways. Now it seems WWE’s stock reached an all-time high following the deal.
Endeavor is now the controlling owner of WWE, and they will merge UFC and WWE into a new publicly traded company. The new publicly listed company, which will operate on the stock market as TKO, is expected to be launched within the next four to six months.
Following the company’s announcement, WWE’s stock saw a lot of growth. This is despite the fact that many fans are against the merger. On April 6, WWE stock closed at $100.38 a share, which was an increase from the closing number of $98.99 on April 5.
During the day on April 6, the stock hit $101.03, an all-time high for the company. Naturally, this is a massive deal considering WWE became a publicly traded company on October 19, 1999 and started off with just $17 per share.
Vince McMahon is already back in WWE Creative after making numerous changes on this week’s episode of Monday Night RAW. It remains to be seen how WWE and UFC’s merger deal will turn out in the long run.
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!