It was reported on Thursday that Vince McMahon is “plotting” a return to power in WWE in advance of pursuing a sale of the entire company.
Mr. McMahon, who continues to be the primary stockholder of the billion-dollar wrestling promotion, plans to return to WWE by electing himself, Michelle Wilson, and George Barrios to the Board of Directors.
The announcement made shockwaves on Wall Street – the anticipation of a potential sale caused the price of WWE stock to jump 10% with the share price still soaring following the market’s close.
The WWE stock currently sits at $80.25 per share, which is up $8.21 (11.4%) from the closing price of $72.04, which was itself up $1.59 (2.26%) from the previous closing price.
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