WWE stock was way up on Tuesday.
WWE stock closed at $97.23 on April 4. This is the highest the stock has been since April 24, 2019 when it closed at $98.50. It's up $7.93 (8.88%) from Monday's closing.
WWE and Endeavor announced an agreement to sell on April 3. The sale will see WWE and UFC merge to form a new publicly traded company. The sale and merger is expected to go through in the second half of 2023. A new name for the publicly traded company has not been decided, but is currently listed as TKO.
Forbes reports that Vince McMahon made $198 million on Tuesday with the stock rising and is now worth $3.1 billion.
Fans can learn more about the sale by clicking here.
Fans can also read Vince McMahon and Ari Emanuel's comments regarding the sale by clicking here.
