WWE stock spiked on Thursday, up over 8% in the morning, amid renewed speculation that the company could be bought out soon.
The stock price broke $13 for the first time in two months. According to investment website SeekingAlpha.com, the buzz surrounding 21st Century Fox attempting to buy out Time Warner has investors once again considering WWE as a strong takeover candidate.
Although financial performance of the WWE Network “hasn’t dazzled” yet, analysts still remain optimistic of its potential, especially if it was run by a company on the distribution side of the media business.
