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.
Source: https://www.marketwatch.com/story/world-wrestling-entertainment-climbs-after-tweets-that-saudi-fund-will-buy-it-2023-01-11?siteid=yhoof2&yptr=yahoo