Activist Hedge Fund Buys Large Stake In Struggling WWE

[Trip in the Head]

Source - http://www.buzzfeed.com/mariahsummers/activist-hedge-fund-buys-large-stake-in-struggling-world-wre

World Wrestling Entertainment could potentially be put in a chokehold by hedge fund Eminence Capital, which disclosed in a filing Monday that it had taken a 9.6% stake in the company.

Not sure I have any insight into what may happen, but I thought some of you more business savvy types might have an opinion on this? Do you think it will affect things in WWE at all? I don't.

 

[Senhor Perfect]

Doesn't the McMahon family own at least 51% of the stock so that they always remain majority? If that's the case then this is nothing to them.

 

[Trip in the Head]

Doesn't the McMahon family own at least 51% of the stock so that they always remain majority? If that's the case then this is nothing to them.

Yeah, see its stuff like this^ that I don't know, but I thought this might churn up some conversation

 

[Just Kevin]

No one can touch the WWE.. the McMahons got it locked up tight.

 

[The GOAT]

Doesn't the McMahon family own at least 51% of the stock so that they always remain majority? If that's the case then this is nothing to them.

I thought it was something like 96%... or maybe I'm just thinking of what percentage of the voting power they have.

 

[Red Rain]

Why would anyone want to buy a stake in that garbage company when the upside looks so bleak?