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October 29, 2014

Wall Street management firm believes McMahons want to sell WWE

Lemelson Capital founder Emmanuel Lemelson, who manages one of the most successful hedge funds in the world, told Benzinga.com that he believes the McMahon family intends to sell WWE. Calling the company, "clearly an acquisition target," Lemelson said that although he doesn't expect WWE to have great numbers when the third-quarter subscriber count is announced on Thursday, he also doesn't expect share price to fall as the McMahons will protect shares to keep the sale price up.

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