As first reported by ESPN, Fox has reached an agreement to become the home of SmackDown Live. This news comes less than one week after NBC Universal declined its right of first refusal on SmackDown Live. NBC will carry only Monday Night Raw.
While the specifics of the deal are not yet known and are sure to become more public over the next few weeks, it has been reported that the offer was “massive.”
WWE stock is up on the news. The stock, already setting record highs daily, opened at $51.80 this morning and is currently trading at $54.55 (+6.09%) at the time of this writing. Since last Thursday morning, when the Hollywood Reporter broke the news SmackDown Live was open for sale, WWE’s stock has climbed 25% from $43.20.
6 years ago by Wrestle Talk
Trending
- WWE Legend Signs New Contract
- Tony Khan Attacked By AEW Stars
- AEW Tag Team Split Confirmed
- Top WWE Star Reverting To Old Entrance Theme?
- WWE Legend ‘In Talks Again’ With Company Following Vince McMahon’s Departure
- Tony Khan Backstage Update Following Jack Perry & Young Bucks AEW Attack
- Will Ospreay Championship Match Confirmed For AEW Double Or Nothing
- Jack Perry & Young Bucks Break Silence After Attacking Tony Khan
- NFL Reacts To Jack Perry & Young Bucks AEW Dynamite Attack On Tony Khan
- Kenny Omega Breaks Silence On AEW Return
mailing list