World Wrestling Entertainment, Inc., an integrated media and entertainment company, engages in the sports entertainment business in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It operates through three segments: Media, Live Events, and Consumer Products. The Media segment engages in the production and monetization of long-form and short-form media content across various platforms, including WWE Network, pay television, and digital and social media, as well as filmed entertainment. The Live Events segment is involved in the sale of tickets, including primary and secondary distribution; provision of event services; and sale of travel packages related to its live events. The Consumer Products segment engages in merchandising of WWE branded products, such as video games, toys, apparels, and books through licensing arrangements and direct-to-consumer sales, as well as through e-commerce platforms. World Wrestling Entertainment, Inc. was founded in 1980 and is headquartered in Stamford, Connecticut.
IPO Year:
Exchange: NYSE
Website: corporate.wwe.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
4/24/2023 | Neutral | Seaport Research Partners | |
4/13/2023 | $105.00 → $120.00 | Equal-Weight → Overweight | Morgan Stanley |
4/4/2023 | Buy → Hold | The Benchmark Company | |
1/31/2023 | Outperform → Peer Perform | Wolfe Research | |
1/17/2023 | $52.00 → $100.00 | Underweight → Equal Weight | Wells Fargo |
9/8/2022 | $98.00 | Peer Perform → Outperform | Wolfe Research |
8/18/2022 | Buy → Neutral | Northcoast | |
7/25/2022 | $59.00 → $90.00 | Hold → Buy | Loop Capital |
6/2/2022 | $68.00 | Peer Perform | Wolfe Research |
12/15/2021 | $65.00 → $60.00 | Equal-Weight | Morgan Stanley |
Tickets On Sale Friday, September 15 WWE® (NYSE:WWE) today announced 26 additional live events as part of the company's 2023 touring schedule. Tickets go on sale next Friday, September 15. The schedule includes: Date Location Event Venue Saturday, November 4 Rochester, N.Y. WWE SuperShow Blue Cross Arena Sunday, November 5 Springfield, Mass. WWE SuperShow Mass Mutual Center Friday, November 10 Columbus, Ohio SmackDown Nationwide Arena Saturday, November 11 Johnson City, Tenn. WWE SuperShow Freedom Hall Sunday, November 12 Roanoke, Va. WWE Supe
WWE® (NYSE:WWE) today announced that Payback, which emanated from PPG Paints Arena in Pittsburgh, became the most-watched and highest-grossing Payback in company history. The premium live event set new records for viewership, gate and merchandise. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230905785600/en/WWE® PAYBACK DELIVERS RECORDS FOR VIEWERSHIP, GATE & MERCHANDISE (Photo: Business Wire) Viewership of Payback was up 36 percent versus the previous record set in 2016. With 12,468 in attendance, it marked the largest gate ever for any Payback, up 13 percent versus the prior record set in Chicago in 2016. Payback also became
16-Time World Champion to Appear on SmackDown for Seven Consecutive Weeks Following Return on September 1 Cena and Make-A-Wish to Host Children and Their Families at Every SmackDown During His Return WWE® (NYSE:WWE) today announced that John Cena, who returns to Friday Night SmackDown this Friday, September 1 at The Giant Center in Hershey, Pa., will also appear on Friday Night SmackDown for seven consecutive weeks beginning Friday, September 15 at Ball Arena in Denver through the end of October. Tickets are available for purchase via https://www.ticketmaster.com/. The 16-time World Champion will appear on following dates: Friday, September 1 – Hershey, Pa. – The Giant Center F
NFL Legacy Title Belts for All 32 Teams Now Available for Purchase Ahead of 2023 NFL Season The National Football League and WWE® (NYSE:WWE) today announced a multi-year licensing deal to create NFL-inspired WWE legacy title belts featuring the official colors and branding of all 32 teams. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230828925005/en/WWE® & NFL ANNOUNCE FIRST-EVER OFFICIALLY LICENSED NFL LEGACY TITLE BELTS (Photo: Business Wire) The line of officially licensed NFL products launches today on NFLShop.com, WWEShop.com and Fanatics.com. This marks the first-ever licensing agreement between WWE and the NFL. Abou
WrestleMania 40 at Lincoln Financial Field in Philadelphia Sells More than 90,000 Tickets and Surpasses the WrestleMania 39 Total Gross of $21.6 Million WWE® (NYSE:WWE) today announced that WrestleMania 40 broke the company's all-time gate record in one day. The previous total gross record – $21.6 million – was set earlier this year at WrestleMania 39 at SoFi Stadium in Los Angeles. WrestleMania 40, which takes place at Lincoln Financial Field in Philadelphia on Saturday, April 6 and Sunday, April 7, sold more than 90,000 tickets when it went on sale last Friday. The record gate comes on the heels of unprecedented ticket sales demand for WWE in 2023, which to date has produced the hig
SummerSlam Smashes Viewership, Gate, Sponsorship & Merchandise Records WWE® (NYSE:WWE) today announced that SummerSlam which emanated from Ford Field in Detroit became the most-watched and highest-grossing SummerSlam in company history. The premium live event set new records for viewership, gate, sponsorship and merchandise. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230807791088/en/MOST-WATCHED SUMMERSLAM® OF ALL TIME (Photo: Business Wire) With 59,194 in attendance in the Motor City, SummerSlam generated a record gate of $8.5 million, the largest gate for any non-WrestleMania event ever. It was the most-watched SummerSl
WWE® (NYSE:WWE) and Slim Jim® today announced a multi-layered partnership that will begin with Slim Jim serving as the Presenting Sponsor of a marquee match at SummerSlam on Saturday, August 5 at Ford Field in Detroit. This partnership between the two iconic brands pays homage to their shared, savage past and marks the largest sponsorship deal in WWE history. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230803142306/en/WWE® & SLIM JIM® RETURN TO THE RING WITH RECORD-BREAKING PARTNERSHIP AHEAD OF SUMMERSLAM WWE and Slim Jim first crossed paths thirty years ago with a series of explosive, in-your-face Slim Jim commercials, featu
WWE® (NYSE:WWE) today announced that WrestleMania generated $215 million in economic impact for the Los Angeles region this past April, according to a study conducted by Applied Analysis. This marks a new company record breaking last year's $206.5 million in economic impact for the Dallas/Arlington region. Since 2016, WrestleMania has generated more than $1.2 billion in cumulative economic impact for the cities that have hosted the event. A capacity crowd of 161,892 fans attended WWE's pop-culture extravaganza over the course of two nights last April at SoFi Stadium, making it the highest-grossing and most-attended event in WWE history. Key highlights from the study include: By conti
Second Quarter 2023 Highlights Revenue was $410.3 million, an increase of 25% and a quarterly record; Operating income was $87.3 million, an increase of 26%; and Adjusted OIBDA1 was $140.7 million, an increase of 54% and a quarterly record Returned $9.8 million of capital to shareholders through dividend payments Viewership for WWE's weekly flagship programs, SmackDown and Raw, increased 26% and 19%, respectively, in the P18-49 demo, significantly outperforming overall broadcast and cable television, which both declined 12% Each WWE premium live event (WrestleMania, Backlash and Night of Champions) set global unique viewership records with year-over-year increases of 29%, 34% an
Tickets for the First WWE Live Event to Take Place in India Since 2017 Will Go on Sale This Friday August 4 at 12:00pm IST Fans Can Register Now for Early Presale Access at www.bookmyshow.com WWE® (NYSE:WWE) today announced its long-awaited return to India with WWE Superstar Spectacle at the GMC Balayogi Indoor Stadium (Gachibowli Indoor Stadium), Hyderabad, India, on Friday, September 8, 2023. This will mark the first live event to take place in India since 2017 and the first-ever WWE live event to be held in Hyderabad. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230801191134/en/WWE® RETURNS TO INDIA THIS SEPTEMBER WITH
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Bilstad Joins Company with 25+ Years Experience Supporting Industry Disruptors LOS ANGELES, May 17, 2023 /PRNewswire/ -- Skyryse™, bringing trust, safety, and the accessibility of flight through a highly-automated and touchscreen flight control system, has named Blake Bilstad as the company's new Chief Legal Officer and Corporate Secretary. In this role, Bilstad will lead all legal matters for Skyryse as the company continues to develop its highly automated flight control system, including the protection of the company's intellectual property and innovative business model within the industry.
Tickets On Sale Next Friday, March 10 WWE® (NYSE:WWE) today announced additional live events as part of the company's 2023 touring schedule. Tickets go on sale next Friday, March 10. The schedule includes: - Friday, May 12: SmackDown® – Thompson-Boling Arena in Knoxville, Tenn. - Saturday, May 13: WWE Supershow – James Brown Arena in Augusta, Ga. - Sunday, May 14: WWE Supershow – North Charleston Coliseum in North Charleston, S.C. - Monday, May 15: Raw® – Greensboro Coliseum in Greensboro, N.C. - Friday, May 19: SmackDown – Colonial Life Arena in Columbia, S.C. - Saturday, May 20: WWE Supershow – Crown Coliseum in Fayetteville, N.C. - Sunday, May 21: WWE Supershow – Hampton Coliseum in H
WWE® (NYSE:WWE) today announced that the 2023 Elimination Chamber, which emanated from the Bell Centre in Montreal, became WWE's highest-grossing and most-viewed Elimination Chamber in company history. Viewership of the 2023 Elimination Chamber saw a 54 percent increase versus the previous record set in 2022. It also marked the largest gate ever for any WWE event held in Montreal and the largest gate in the history of Elimination Chamber. In addition, 2023 Elimination Chamber broke the all-time event merchandise record and generated the highest-grossing Priority Pass fan experience packages for any non-"Big Five" premium live event through WWE's partnership with On Location. Elimination C
Tickets For Both Events Go On Sale Tuesday, February 14 WWE® (NYSE:WWE) today announced that the critically acclaimed UNDERTAKER 1 deadMAN SHOW will add stops in Las Vegas and Los Angeles ahead of WrestleMania 39. The one-man show featuring WWE Legend The Undertaker will take center stage at The Chelsea at The Cosmopolitan of Las Vegas on Friday, March 24 and The Novo at LA Live on Friday, March 31. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230210005259/en/UNDERTAKER 1 deadMAN SHOW ADDS STOPS IN LAS VEGAS AND LOS ANGELES AHEAD OF WRESTLEMANIA 39 UNDERTAKER 1 deadMAN SHOW will feature "The Phenom" in an intimate setting, sha
PRESALE COMBO TICKETS ON SALE WEDNESDAY, FEBRUARY 22 Due to the incredible early response for Money In The Bank ticket pre-registrations at The O2 in London on Saturday, July 1, WWE (NYSE:WWE) today announced that SmackDown will also emanate from The O2 the night before - Friday, June 30. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230209005243/en/FRIDAY NIGHT SMACKDOWN® HEADED TO THE O2 IN LONDON THE NIGHT BEFORE MONEY IN THE BANK (Graphic: Business Wire) This marks the first time ever that SmackDown will broadcast live and in primetime from the UK at 8pm local on BT Sport. WWE and O2 presales for combo tickets will be ava
First WWE Event at Ford Field Since WrestleMania® in 2007 and First SummerSlam To Be Held in Michigan In 30 Years Tickets On Sale Friday, April 14, 2023 WWE® (NYSE:WWE) today announced that Ford Field in Detroit will host SummerSlam on Saturday, August 5. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230207005918/en/SUMMERSLAM® HEADED TO FORD FIELD IN DETROIT AUGUST 5 (Photo: Business Wire) SummerSlam marks the first WWE event to be held at Ford Field since WrestleMania in 2007 and the first SummerSlam to take place in the state of Michigan since 1993. "We are excited for Ford Field to host WWE's biggest event of the summer a
WWE® (NYSE:WWE) today announced that the 2023 Royal Rumble, which emanated from the Alamodome in San Antonio, Texas, became WWE's highest-grossing and most-viewed Royal Rumble in company history. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230130005588/en/WWE® SMASHES ALL-TIME GATE & VIEWERSHIP RECORDS AT ROYAL RUMBLE® (Photo: Business Wire) The event set a new all-time gate record at more than $7.7 million, far surpassing the previous Royal Rumble high in 2017 by more than 50 percent. Viewership of the event saw a 52 percent increase versus the previous record set in 2022. In addition, the 2023 Royal Rumble broke all-time ve
WWE (NYSE:WWE) today announced that its Board of Directors unanimously elected Vince McMahon Executive Chairman of the Board. Stephanie McMahon has resigned from her roles as Chairwoman and Co-CEO. Nick Khan will serve as WWE CEO. Vince McMahon: "First, I'd like to express my full support for Stephanie's personal decision. I'll forever be grateful that she offered to step in during my absence and I'm truly proud of the job she did co-leading WWE. Stephanie has always been the ultimate ambassador for our company, and her decades of contributions have left an immeasurable impact on our brand. "I'm proud to announce that Nick Khan will serve as WWE CEO. Nick's business acumen and mastery o
WrestleMania Goes Hollywood at SoFi Stadium Surpasses WrestleMania 32 as Best-Seller in Company History, Nearly Three Months Prior to Event WWE® (NYSE:WWE) today announced that WrestleMania Goes Hollywood (WrestleMania 39), which will originate from SoFi Stadium in Los Angeles across two nights, broke the company's all-time gate record for any WrestleMania, despite having yet to announce a single match. The previous record announced was $17.3 million in 2016 at WrestleMania 32 at AT&T Stadium in Arlington, Texas. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230109005501/en/WWE® BREAKS ALL-TIME WRESTLEMANIA® GATE RECORD The re
WWE (NYSE:WWE) is providing the following update regarding the composition of its Board of Directors and the exploration of strategic alternatives. "Today, we announce that the founder of WWE, Vince McMahon, will be returning to the Board," said Chairwoman & Co-CEO Stephanie McMahon, Co-CEO Nick Khan and Chief Content Officer Paul Levesque. "We also welcome back Michelle Wilson and George Barrios to our Board of Directors. Together, we look forward to exploring all strategic alternatives to maximize shareholder value." As Vince McMahon stated yesterday, "WWE has an exceptional management team in place, and I do not intend for my return to have any impact on their roles, duties, or respons
New Company to Begin Trading Today, September 12, on the New York Stock Exchange Under "TKO" Ticker Symbol Endeavor Group Holdings, Inc. (NYSE:EDR) ("Endeavor") and World Wrestling Entertainment, Inc. (NYSE:WWE) ("WWE") today announced the close of their previously announced agreement and the launch of TKO Group Holdings, Inc. (NYSE:TKO) ("TKO"). TKO brings together UFC, the world's premier mixed martial arts organization, and WWE, an integrated media organization and the recognized global leader in sports entertainment, to create a new premium sports and entertainment company serving more than one billion young and diverse fans1, reaching viewers in 180 countries, and producing more th
Tickets On Sale Friday, September 15 WWE® (NYSE:WWE) today announced 26 additional live events as part of the company's 2023 touring schedule. Tickets go on sale next Friday, September 15. The schedule includes: Date Location Event Venue Saturday, November 4 Rochester, N.Y. WWE SuperShow Blue Cross Arena Sunday, November 5 Springfield, Mass. WWE SuperShow Mass Mutual Center Friday, November 10 Columbus, Ohio SmackDown Nationwide Arena Saturday, November 11 Johnson City, Tenn. WWE SuperShow Freedom Hall Sunday, November 12 Roanoke, Va. WWE Supe
Upon close, TKO will list on New York Stock Exchange, begin public trading Endeavor Group Holdings, Inc. (NYSE:EDR) ("Endeavor") and World Wrestling Entertainment, Inc. (NYSE:WWE) ("WWE") today announced they expect to close the previously announced transaction to form TKO Group Holdings, Inc. ("TKO") on September 12, 2023, at which time TKO will begin trading on the New York Stock Exchange under the ticker symbol "TKO". About Endeavor Endeavor (NYSE:EDR) is a global sports and entertainment company, home to many of the world's most dynamic and engaging storytellers, brands, live events and experiences. The company is comprised of industry leaders including entertainment agency WME; s
WWE® (NYSE:WWE) today announced that Payback, which emanated from PPG Paints Arena in Pittsburgh, became the most-watched and highest-grossing Payback in company history. The premium live event set new records for viewership, gate and merchandise. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230905785600/en/WWE® PAYBACK DELIVERS RECORDS FOR VIEWERSHIP, GATE & MERCHANDISE (Photo: Business Wire) Viewership of Payback was up 36 percent versus the previous record set in 2016. With 12,468 in attendance, it marked the largest gate ever for any Payback, up 13 percent versus the prior record set in Chicago in 2016. Payback also became
16-Time World Champion to Appear on SmackDown for Seven Consecutive Weeks Following Return on September 1 Cena and Make-A-Wish to Host Children and Their Families at Every SmackDown During His Return WWE® (NYSE:WWE) today announced that John Cena, who returns to Friday Night SmackDown this Friday, September 1 at The Giant Center in Hershey, Pa., will also appear on Friday Night SmackDown for seven consecutive weeks beginning Friday, September 15 at Ball Arena in Denver through the end of October. Tickets are available for purchase via https://www.ticketmaster.com/. The 16-time World Champion will appear on following dates: Friday, September 1 – Hershey, Pa. – The Giant Center F
NFL Legacy Title Belts for All 32 Teams Now Available for Purchase Ahead of 2023 NFL Season The National Football League and WWE® (NYSE:WWE) today announced a multi-year licensing deal to create NFL-inspired WWE legacy title belts featuring the official colors and branding of all 32 teams. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230828925005/en/WWE® & NFL ANNOUNCE FIRST-EVER OFFICIALLY LICENSED NFL LEGACY TITLE BELTS (Photo: Business Wire) The line of officially licensed NFL products launches today on NFLShop.com, WWEShop.com and Fanatics.com. This marks the first-ever licensing agreement between WWE and the NFL. Abou
WrestleMania 40 at Lincoln Financial Field in Philadelphia Sells More than 90,000 Tickets and Surpasses the WrestleMania 39 Total Gross of $21.6 Million WWE® (NYSE:WWE) today announced that WrestleMania 40 broke the company's all-time gate record in one day. The previous total gross record – $21.6 million – was set earlier this year at WrestleMania 39 at SoFi Stadium in Los Angeles. WrestleMania 40, which takes place at Lincoln Financial Field in Philadelphia on Saturday, April 6 and Sunday, April 7, sold more than 90,000 tickets when it went on sale last Friday. The record gate comes on the heels of unprecedented ticket sales demand for WWE in 2023, which to date has produced the hig
SummerSlam Smashes Viewership, Gate, Sponsorship & Merchandise Records WWE® (NYSE:WWE) today announced that SummerSlam which emanated from Ford Field in Detroit became the most-watched and highest-grossing SummerSlam in company history. The premium live event set new records for viewership, gate, sponsorship and merchandise. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230807791088/en/MOST-WATCHED SUMMERSLAM® OF ALL TIME (Photo: Business Wire) With 59,194 in attendance in the Motor City, SummerSlam generated a record gate of $8.5 million, the largest gate for any non-WrestleMania event ever. It was the most-watched SummerSl
WWE® (NYSE:WWE) and Slim Jim® today announced a multi-layered partnership that will begin with Slim Jim serving as the Presenting Sponsor of a marquee match at SummerSlam on Saturday, August 5 at Ford Field in Detroit. This partnership between the two iconic brands pays homage to their shared, savage past and marks the largest sponsorship deal in WWE history. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230803142306/en/WWE® & SLIM JIM® RETURN TO THE RING WITH RECORD-BREAKING PARTNERSHIP AHEAD OF SUMMERSLAM WWE and Slim Jim first crossed paths thirty years ago with a series of explosive, in-your-face Slim Jim commercials, featu
WWE® (NYSE:WWE) today announced that WrestleMania generated $215 million in economic impact for the Los Angeles region this past April, according to a study conducted by Applied Analysis. This marks a new company record breaking last year's $206.5 million in economic impact for the Dallas/Arlington region. Since 2016, WrestleMania has generated more than $1.2 billion in cumulative economic impact for the cities that have hosted the event. A capacity crowd of 161,892 fans attended WWE's pop-culture extravaganza over the course of two nights last April at SoFi Stadium, making it the highest-grossing and most-attended event in WWE history. Key highlights from the study include: By conti
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Seaport Research Partners initiated coverage of World Wrestling with a rating of Neutral
Morgan Stanley upgraded World Wrestling from Equal-Weight to Overweight and set a new price target of $120.00 from $105.00 previously
The Benchmark Company downgraded World Wrestling from Buy to Hold
Wolfe Research downgraded World Wrestling from Outperform to Peer Perform
Wells Fargo upgraded World Wrestling from Underweight to Equal Weight and set a new price target of $100.00 from $52.00 previously
Wolfe Research upgraded World Wrestling from Peer Perform to Outperform and set a new price target of $98.00
Northcoast downgraded World Wrestling from Buy to Neutral
Loop Capital upgraded World Wrestling from Hold to Buy and set a new price target of $90.00 from $59.00 previously
Wolfe Research resumed coverage of World Wrestling with a rating of Peer Perform and set a new price target of $68.00
Morgan Stanley reiterated coverage of World Wrestling with a rating of Equal-Weight and set a new price target of $60.00 from $65.00 previously
Elon Musk has been pushing X as a more video-friendly platform, and now World Wrestling Entertainment Inc. (NYSE:WWE) has struck a deal to showcase five-minute wrestling matches on the erstwhile Bird platform. What Happened: The WWE and X announced on Thursday that they will bring exclusive five-minute matches to the X platform, Forbes reported. The matches will be part of a weekly video series that will feature popular WWE stars. The platform, however, did not specify which wrestlers would be involved. The WWE confirmed the new format for high-paced timed matches, which is set to kick off in the spring. This announcement was made during the WWE’s WrestleMania Kickoff event, serving a
Vince McMahon, who has maintained independent majority control of World Wrestling Entertainment, Inc (NYSE:WWE) for more than 40 years, is on the cusp of ushering the company into a new era. On Tuesday, WWE will merge with UFC parent company Endeavor Group Holdings Inc (NYSE:EDR). McMahon will retain his executive chair at WWE and step into the executive chair position of the new company while securing a 16% ownership stake in it. The joint venture, formalized last spring, will see Ari Emanuel's Endeavor assume control of WWE, integrating it with UFC to form TKO Group Holdings. The new company is to be traded on the New York Stock Exchange (NYSE) under the ticker “TKO" and is valued at $
Upon close, TKO will list on New York Stock Exchange, begin public trading Endeavor Group Holdings, Inc. (NYSE:EDR) ("Endeavor") and World Wrestling Entertainment, Inc. (NYSE:WWE) ("WWE") today announced they expect to close the previously announced transaction to form TKO Group Holdings, Inc. ("TKO") on September 12, 2023, at which time TKO will begin trading on the New York Stock Exchange under the ticker symbol "TKO".
The crypto community is rallying behind the Maui community, with a relief fund endorsed by A-list celebrities Oprah Winfrey and Dwayne “The Rock” Johnson now accepting cryptocurrency donations. In early August 2023, Maui witnessed devastating wildfires that consumed over 2,500 acres, leading to significant property and personal losses. To aid the victims, Oprah and Johnson initiated the People’s Fund of Maui. Also Read: HashKey Capital To Inject Millions Into Altcoins — Shiba Inu, Dogecoin, And Pepe Coin Set To Soar? Interestingly, cryptocurrency donations for various causes will be a highlight at Benzinga's Future of Digital Assets conference, emphasizing the growing importance and acce
WWE's stock experienced a dramatic drop of 1300 points in a single day, coinciding with Saudi Arabia's $100 million investment in Professional Fighters League, a UFC rival. The stock broke through a major psychological support level at $100, which could signal a significant shift in investor sentiment and market dynamics. World Wrestling Entertainment, Inc. (NYSE:WWE) stock market experienced a significant downturn as it took a considerable plunge of 1300 points on Thursday. Interestingly, this decline coincided with Saudi Arabia's substantial $100 million investment in the Professional Fighters League, a strong rival of the UFC. To truly grasp the significance of this unexpected drop
Endeavor Group Holdings, Inc. (NYSE:EDR) and World Wrestling Entertainment, Inc. (NYSE:WWE) shares got pummeled Thursday following reports suggesting Saudi Arabia invested in a UFC competitor. What To Know: According to an ESPN article, it was revealed Wednesday that SRJ Sports Investments has purchased a partial share in the Professional Fighters League, a mixed martial arts promotion, with a commitment worth more than $100 million. SRJ Sports Investments was established earlier in August by Saudi Arabia's Public Investment Fund. The agreement will also help facilitate the PFL's spread into Saudi Arabia and the Middle East, with SRJ as an investor in a new regional league called PFL MENA.
Gainers Acer Therapeutics Inc. (NASDAQ:ACER) shares jumped 145% to $1.4850 after Zevra Therapeutics announced it will acquire the company. The transaction will have a total potential value for Acer stockholders of up to $91 million. 1847 Holdings LLC (NASDAQ:EFSH) surged 66.6% to $0.17. 1847 Holdings reported successful restructuring of promissory notes, with two institutional investors, totaling $1.75 million outstanding. iCoreConnect Inc. (OTC:ICCT) climbed 51.7% to $18.63 after jumping 119% on Wednesday. Last Friday, the company announced theclosing of its previously announced business combination with FG Merger Corp., a special purpose acquisition corporation (SPAC). Canopy Growth
NFL Legacy Title Belts for All 32 Teams Now Available for Purchase Ahead of 2023 NFL Season