Interest builds in World Wrestling Entertainment amid media merger buzz
Jul. 17, 2014 12:15 PM ETWorld Wrestling Entertainment, Inc. (WWE)WWEBy: Clark Schultz, SA News Editor4 Comments
- Shares of World Wrestling Entertainment (WWE +6.5%) move higher on heavy volume on renewed buyout speculation.
- The M&A buzz in the media sector kicked into a higher gear yesterday after 21st Century Fox made an offer for Time Warner.
- Though the streaming sub growth at WWE hasn't dazzled, analysts think the initiative could still draw interest from a company on the distribution side of the business.