World Wrestling Entertainment (WWE) stock fell on Wednesday after briefly spiking amid a report that Saudi Arabia’s Public Investment Fund (PIF) fund was buying the company.
A person familiar with the matter told Yahoo Finance it hasn’t sold itself to Saudi Arabia’s Public Investment Fund or another entity. Early reports on Wednesday, most prominently from DAZN’s Steven Muehlhausen, asserted that a deal to PIF was imminent. The original tweet was deleted.
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