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Stock impact report

WWE makes major acquisition announcement before WrestleMania 41 [FOX Business Network]

TKO Group Holdings, Inc. Class A (TKO) 
The company acquired the Mexican professional wrestling promotion Lucha Libre AAA and will host a joint event in June with NXT in Los Angeles called World's Collide. The announcement sent shock waves throughout the pro wrestling world as WWE has leaned into the luchador style of wrestling with the signings of Penta and Rey Fenix as well as the push for the so-called El Grande Americano masked wrestler who fans are 99.9% sure is Chad Gable. WWE Chief Content Officer Paul Levesque spoke about the company's decision to acquire AAA in the post-WrestleMania 41 press conference after Seth Rollins defeated Roman Reigns and CM Punk in a wild main event. Levesque told reporters the intent is to "grow Lucha Libre," and he pointed to the impact that the style of pro wrestling has had in Central and Southern America and parts of the United States. "When I think Mexico, I think AAA. I think Lucha Libre opens up the door for those athletes as well, not only to grow and be the biggest they Show less Read more
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