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Fox/Smackdown deal pushes WWE stock to new heights

It was announced earlier today that Smackdown Live would be making its way to Fox in October 2019. Reportedly, the deal is worth $205 million over five years.

This billion dollar deal pushed WWE stocks to its highest close in history, ending the day at $57.86. They did dip near the end of the day, as they had been as high as $59.45 around the announcement of the Fox deal.

The company’s stock has risen a pretty large amount, as it was below $40 a month ago.

NBC Universal’s deal hasn’t been officially finalized, so it wouldn’t be surprising to see the company’s stock rise even higher later on in the year.