WWE Stock Soars After FOX Deal, Reaches Record High
Up up and away. WWE’s record of talking about mainstream news is hit and miss at best. Sometimes something will happen and it becomes a topic of conversation on the shows and other times something will happen and it’s never mentioned. When something good happens to WWE though, you know full well that it’s going to be a featured topic on their television shows for a very long time. Given yesterday’s major news about SmackDown, there’s no surprise that it was a big deal. Yesterday, it was announced that FOX would be purchasing the broadcasting rights to SmackDown Live in a deal that could bring WWE over a billion dollars over the next five years. As a result, according to Marketwatch.com, the company’s stock soared 12.5% on Monday, bringing them to a record high of $58.30 a share. This continues a very lucrative year for the company, whose stock is up 194% in the last twelve month period.
They could all be Ted DiBiase at this point. Remember this gem?
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