WWE Smashes 100 Milestone: Unstoppable Sports Titan Destined For Record-Breaking Dominance?

  • Endeavor, the parent company of UFC, has acquired WWE's pro-wrestling brand for a massive $9.3 billion, creating a new publicly traded company and adding $21.4 billion to Endeavor's revenue.
  • Other combat sports organizations may have the opportunity to collaborate with these giants, leading to larger audiences and increased revenue for all involved.
  • Following the announcement of the deal, investor frenzy caused stock prices to soar, but it remains to be seen if this is a true bull trend or a temporary fakeout.

 

The start of April 2023 will be forever marked in sports history as the moment the mighty Endeavor, the parent company of UFC, shook hands with World Wrestling Entertainment, Inc. WWE's successful pro-wrestling brand.

This jaw-dropping deal came at a whopping price tag of $9.3 billion, creating a new publicly traded company controlled by Endeavor adding a staggering $21.4 billion to the company's revenue.

The power-packed merger has drawn a line between two iconic sporting promotions, signaling a new era in the world of sports entertainment, as wrestling and mixed martial arts unite under the same roof.

The recent deal is about to shake up the world of combat sports! Fans of wrestling and MMA can expect to see some major crossover events between these two exciting worlds, which is sure to crank the excitement levels to new heights.

But it's not just WWE and UFC that will benefit from this union. Other combat sports organizations will now have the opportunity to team up with these giants, meaning bigger audiences and much more revenue for everyone involved. Fans are surely going to be witnessing a whole new era of sports entertainment!

What will be the outcome of this merger? No one knows for sure, but we can guarantee that amazing things are in store for both seasoned and new fans alike!

As the two giants come together, one can only imagine the incredible escapades and fresh ideas that they will cook up in the ring. Fans will get to experience the most unique pro-wrestling encounters for maximum entertainment!

Investor frenzy hit its peak following the breaking news of the major deal. Shortly after the story hit the headlines, their stock prices started to soar, prompting a stampede of eager buyers looking to secure their slice of the action.

It was a moment that encapsulated the excitement and anticipation that surrounded one of the biggest names in the entertainment industry.

In a matter of days, the stock soared from $85 to over $100, making a significant leap above both a major round number and a previous all-time high. But is this sudden jump a true sign of a bull trend unfolding or just a temporary fakeout? Only time will tell.

To maintain this upward momentum, the key will be establishing a new pattern of consistent higher highs and higher lows well above the $100 mark.

wwe_monthly_14_apr.jpg

WWE has shown that it can make some major gains in the stock market, you just need to take a look at the near 400% increase in price between 2017 and 2018!

And with record highs currently being made, it's no wonder investors are eagerly waiting to see what's next. Anyone keeping an eye on this market knows that being prepared for big moves is key.

After the closing bell on Thursday, April 13, the stock closed at $100.38, trading up by 9.87%.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!