By: Rahul V Krishnan Image credit: WWE and Twitter
Former WWE CEO Vince McMahon has announced that he has returned to the WWE after leaving his role in the company last year.
McMahon who is the majority stakeholder in the company announced that he is electing himself and two former co-presidents Michelle Wilson and George Barrios, to the board of directors.
McMahon will return as the executive chairman and the shares of the company are up more than 70% and according to a CNBC report, the stock trades with a market capitalization of more than $6 billion.
McMahon, who is the controlling shareholder of the company, removed JoEllen Lyons Dillon, Jeffrey R. Speed, and Alan M. Wexler from the board immediately after his arrival.
It'll be interesting to see what the future holds for the billion-dollar company following the arrival of its founder. The WWE fans are hoping that things go smoothly without causing any chaos.
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