WWE share price increases more than 20% on announcement of Vince McMahon returning to WWE

Vince McMahon reinstated as The Board Of Director, WWE shareholders seems to be very exited about the prospect of Vince returning.

WWE shareholders believe Vince McMahon would sell the company at a good price or else Vince will at least get a good media rights deal. So WWE share price increase more than 20%. and now WWE is trading at a valuation of $6.5 B valuation.

Brandon Thurston of Wrestlenomic is reporting that most plausible buyer of WWE could be Comcast(NBCU’s parent) and Endeavor (UFC’s parent)

$WWE shares continue climbing past $87, up 21% on the day currently. $6.5B market cap. pic.twitter.com/iTM5xiKOki

— Brandon Thurston (@BrandonThurston) January 6, 2023