The $21.4 billion merger of World Wrestling Entertainment Inc. and UFC owner Endeavor Group Holdings Inc. is a well-timed move, says analyst firm Jefferies.
Reports of the deal surfaced late Sunday, although WWE has reportedly been seeking a buyer for months. Shares of Endeavor fell 7.5% Monday, while WWE shares fell 4.9%. The S&P 500 SPX, -0.10% is down 0.2%.
Increasingly convinced a bunch of large FinTwit accounts are being paid to post anti-American propagandaYeah
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