to perform a “strategic review” of the company and potentially explore a sale with WWE’s media right’s deals up in 2024.
Stephanie McMahon announced her resignation from WWE after her father Vince McMahon returned as Executive Chairman.Since that news, WWE’s stock is up about 25 percent, from $72 a share to $90. The total value of the company is at $6.7 billion, as of market close on Tuesday.“Our Founder, Vince McMahon, has returned as Executive Chair and is leading an exciting process regarding strategic alternatives,” Stephanie McMahon continued in her note.
“WWE is in such a strong position, that I have decided to return to my leave and take it one step further with my official resignation.”“First, I’d like to express my full support for Stephanie’s personal decision,” he said in a statement. “I’ll forever be grateful that she offered to step in during my absence and I’m truly proud of the job she did co-leading WWE.
“I’m proud to announce that Nick Khan will serve as WWE CEO. Nick’s business acumen and mastery of the media industry have helped catapult our business to record revenue and profitability. Together, we look forward to working with the Board at this critical moment in time to review our strategic alternatives and maximize value for all WWE shareholders.”
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stephanie McMahon steps down as WWE co-CEO as her dad, Vince, returns as executive chairmanStephanie McMahon has resigned as WWE co-CEO as her father, Vince, returns as executive chairman. Did he sexually harass her too? he looks like a tired Troy Aikman Very reliable sources reporting the company has been sold to Saudi Arabia’s Public Investment Fund
Source: CNBC - 🏆 12. / 72 Read more »
WWE Co-CEO Stephanie McMahon Resigns From Company, Issues StatementJust days after the return of Vince McMahon to WWE, WWE Co-CEO Stephanie McMahon has resigned from the pro wrestling organization.
Source: comingsoonnet - 🏆 578. / 51 Read more »
WWE Co-CEO Stephanie McMahon ResignsHer father, Vince McMahon, appointed himself to the company's board last week. So. I never watch this crap. Why she sitting like a dude
Source: THR - 🏆 411. / 53 Read more »
Vince McMahon returns to WWE as a board member | CNN BusinessFormer World Wrestling Entertainment chief executive Vince McMahon is returning to the company as a board member, after a six-month hiatus following a hush money and sexual harassment scandal. MohammadGhobadlou and MohammadBroghani were transferred to solitary confinement to carry out the death sentence. Tomorrow is late. Say their names 🙏 What lack of accountability looks like. WTH is wrong with people This is wrong as wrong can be
Source: cnni - 🏆 326. / 59 Read more »
Vince McMahon Is Back, But Is He a Heel for a WWE Sale?The wrestling giant’s owner reappoints himself to the company board in order to lead a possible sale, but there’s a risk that he becomes a drag on the brand for buyers. 3.4M followers huh
Source: THR - 🏆 411. / 53 Read more »
WWE Raw Recap: Like a Traffic Jam on the Road to WrestleManiaThe highlight of WWE Raw was Dominik Mysterio's entrance in his post-prison garb as WWE stalls ahead of the Royal Rumble and start of WrestleMania season. WWERaw but what happened to Dominik's tear tattoo? it seems to have been 'rubbed' out at some point during the match The first two hours were awful. Even the Austin Theory bit was poor. Saved by the final hour.
Source: bleedingcool - 🏆 20. / 69 Read more »