It was reported on Tuesday night that WWE had been sold to Saudi Arabia Public Investment Fund although several notable names, such as Jon Alba and Ariel Helwani, are now claiming that news of the sale is “completely false.”
Yahoo! Finance reports that WWE’s stock price has dipped following reports of the potential sale deal with the Saudi Arabia Public Investment Fund (PIF). The stock price is currently 89.78 per share, down 0.53% today.
The stock price reportedly jumped about 7% after the initial reports of the company being sold, but it began plummeting ever since WWE started denying the rumors of the sale to the Saudi Arabia Public Investment Fund.
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