World Wrestling Entertainment climbs after tweets that Saudi fund will buy it

Shares of World Wrestling Entertainment 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.

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