WWE’s stock went up to $13 today. That is the highest it’s been in many months and it’s due to speculation that the company might be purchased by a major conglomerate and get controlling interest. This is according to reportss on SeekingAlpha.com and TheStreet.com. The talk is based on the consolidation of major media conglomerates and the talk that 21st Century Fox is interested in purchasing Time Warner.
There is belief that the WWE Network could draw interest from a company looking to put together a bunch of online streaming networks. The stock opened today at $11.84 and is at $12.60 as of this writing.