World Wrestling Entertainment climbs after tweets that Saudi fund will buy it
Shares of World Wrestling Entertainment
WWE,
climbed 6% in premarket trade after two wrestling news reporters tweeted that Saudi Arabia’s public investment fund is buying the company, which has not been confirmed by either side. Stephanie McMahon, co-CEO of the sports-entertainment empire and daughter of returning Chairman Vince McMahon, abruptly announced she is leaving late Tuesday, as her father said he planned to sell the company.
