WWE's McMahon plans to return and sell the company: report
Former World Wrestling Entertainment Inc. Chief Executive Vince McMahon, who retired last year following a sexual-harassment scandal, is getting off the mat and plans to return and sell the company, according to a Wall Street Journal report on Thursday. McMahon, who is majority owner, plans to elect himself and two former executives, Michelle Wilson and George Barrios, to the board, according to people familiar with the matter. The return of McMahon and the others would require three current directors to vacate their positions, the Journal reported. WWE shares were up 12% in extended trading Thursday.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.