The Latest Breaking News from Entertainment

Dow Jones rose but most stocks struggled. Tesla tumbled on delivery data. WWE stock got mauled amid merger news.

World Wrestling Entertainment (WWE) has experienced a significant surge of 33.2% over the past three months. The stock has a high short interest, primarily driven by the speculation of acquisition talks, which makes it primed for potential big short squeezes. However, given WWE’s weak fundamentals, investors could avoid this risky…

The new business will focus on growing media rights and sponsorship revenue, and will be lead by Endeavor CEO Ari Emanuel. Vince McMahon, executive chairman at WWE, will serve in the same role.

World Wrestling Entertainment Inc. was headed for potentially the biggest drop in almost two years after Endeavor Group Holdings Inc. struck a deal to buy the entertainment conglomerate for $9.3 billion including debt.

The new business, which does not yet have a name, will be lead by Endeavor CEO Ari Emanuel. Vince McMahon, executive chairman at WWE, will serve in the same role at the new company. Dana White will continue as president of UFC.

WWE and the company that runs the UFC will combine to create a $21.4 billion sports entertainment company.

An agreement has been reached ‘to form a new, publicly listed company consisting of two iconic, complementary, global sports’

WWE and the company that runs Ultimate Fighting Championship will combine to create a $21.4 billion sports entertainment company. A new publicly traded company will be formed that houses the UFC and WWE brands, with Endeavor Group Holdings Inc. taking a 51% controlling interest in the new company. Existing WWE…

Live sports entertainment company will have revenue of $2.4 billion; WWE shareholders get 49% stake