WWE Confirms Cutting Ties With Hulk Hogan

By Victor ReklaitisMarketWatch Pulse

World Wrestling Entertainment Inc. said Friday that it has ended its contract with Hulk Hogan. "WWE terminated its contract with Terry Bollea (aka Hulk Hogan)," the company said in an emailed statement. "WWE is committed to embracing and celebrating individuals from all backgrounds as demonstrated by the diversity of our employees, performers and fans worldwide." The statement followed reports that WWE had removed the pro wrestler from its websites and online stores in the wake of an audio clip with controversial racial comments. Shares in WWE were up 1.5% at last check.

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