Rumor of AMC Networks WWE takeover spikes stocks for a few

For a brief moment, WWE stock shot up to almost $32 a piece at around 2PM after rumors of a takeover by AMC Networks.

Fifteen minutes later stocks went back down to its current place hovering above the $29 mark but the $31.98 it reached at 2PM presented a new all-time high for the company.

The rumor of a takeover by AMC Networks came out of nowhere and the only link between the two companies is their negotiation for WWE television rights as AMC is one of the networks interested in bringing WWE television to their portfolio.

Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

Stories you might also likeRELATED
Recommended to you


Trish Stratus chosen as judge on new Canada’s Got Talent

WWE Hall of Famer Trish Stratus has been chosen as one of the judges of the brand new Canada's...

Seth Rollins becomes number one contender for WWE title

Seth Rollins became the new number one contender for the WWE title after he won a fatal four-way ladder...

Rampage rating for 10/22/2021

Rampage on Friday did 533,000 viewers, down 45,000 viewers from the previous week. This was the second least-watched episode...
sports betting site betway