NEWS | OPINIONS | FEATURES
YEAR END AWARDS | HALL OF FAME
 
 
 
 

WWE financial news and notes
Submitted by Aaron Rift on 02/07/2019 at 10:02 AM


WWE announced today the the WWE Network currently has around 1.59 million paid subscribers and sent out the following press release regarding company stock:

WWE® Announces Stock Repurchase Program

February 7, 2019

STAMFORD, Conn.–(BUSINESS WIRE)–

WWE (WWE) today announced that the Company’s Board of Directors has authorized a stock repurchase program of up to $500 million of the Company’s common stock.

Commenting on this announcement, George Barrios, WWE Co-President, said: “The authorization of a stock repurchase program underscores our commitment to the Company’s shareholders. The decision is supported by WWE’s strong financial performance and demonstrates our confidence in the Company’s future. We believe we can continue to invest for future growth, maintain financial flexibility and return excess capital to shareholders, all of which should keep us on the path toward building long-term value.”

The objectives of WWE’s capital deployment strategy are to maintain a strong balance sheet, provide adequate liquidity for investing in growth opportunities (both organic and through acquisitions), and to return excess capital to shareholders. Management plans to repurchase stock opportunistically, i.e., when the repurchase price is below WWE’s intrinsic value as conservatively estimated by management, and the returns of share repurchases compare favorably to other capital allocation alternatives.

Repurchases may be made at management’s discretion from time to time in accordance with all applicable securities and other laws and regulations. The extent to which WWE repurchases its shares, and the timing of such repurchases, will depend upon a variety of factors, including liquidity, capital needs of the business, market conditions, regulatory requirements and other corporate considerations. Repurchases under this program may be funded from one or a combination of existing cash balances, free cash flow and available liquidity sources. The repurchase program does not obligate the Company to repurchase any minimum dollar amount or number of shares and may be modified, suspended or discontinued at any time.








NEWS AND RUMORS
Roman Reigns preparing for his in-ring return?
Possible reasons why WWE released TJP
More regarding the releases of TJP and Tye Dillinger
Breaking news: TJP released from WWE
Breaking news: Hideo Itami released by WWE
Tye Dillinger released from WWE
Kofi Kingston opens up about New Day's creative journey
X-Pac comments on DX going into the WWE HOF
Naomi sets the record straight about police incident
New details on Impact's United We Stand event
MORE NEWS AND RUMORS

 


 
 
Thank you for visiting NoDQ.com!
WWE Elimination Chamber 2019 live PPV coverage on 2/17!


Original content Copyright 2019 NoDQ.com Web Publishing.
[ Legal Notice | Privacy Policy ]