World Wrestling Entertainment Inc. (WWE) - Get World Wrestling Entertainment, Inc. Class A Report shareholders should be doing a happy dance. 

On Monday, May 21, WWE shares hit a session high after ESPN reported that Fox and WWE reached a deal to air "Smackdown Live" on the network.

This comes less than a week after shares soared when it was reported that USA Networks were nearing the end of a deal with WWE for Raw. 

On Monday afternoon, shares of WWE were up a whopping 13%.

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