Since forcing his way back onto the WWE board in order to prepare the WWE for sale, Vince McMahon has created a stir and WWE stock prices have gone up.
More updates are now known as Bloomberg reported that McMahon is asking for $9 billion for the WWE, which is roughly 37% about the company’s $6.5 billion market value.
Vince McMahon is Asking $9 Billion for WWE
While the price tag is high, there have reportedly been offers made and the WWE could be sold in the upcoming months.
This isn’t surprising given how McMahon is intent of selling the company he turned into a global phenomena and he’s always been a great salesman.
He’s always reached for the stars and has achieved his goals more than not with the WWE.
One thing that does seem to be certain is some of the previously noted potential buyers like Disney and Comcast are not considered to be in the running anymore for various reasons.
CNBC’s David Faber told Nick Khan that he has heard that Comcast buying WWE is “probably not” happening.
— Wrestling News (@WrestlingNewsCo) February 3, 2023
Possible buyers
Nick Kahn reportedly said the hope is to sell the WWE before they get into serious discussions for their next Tv and streaming deal, which would seem to keep companies like Comcast and Netflix in the discussion.
Despite the reports of Comcast telling Kahn they’re unlikely to buy the WWE, keeping their options open will only help McMahon’s efforts to get as close to his asking price as possible.
With that being said, the believed front runners are the previously reported Saudi Arabia, but while they’re the most interested, it looks like UFC’s parent company Endeavor Group Holdings Inc. could be the frontrunner.
There could be a potential problem as far as Endeavor is concerned as their reported “market capitalization of $10.4 billion is only a bit more than what McMahon wants.”
While it’s too early to expect more than rumors and speculation, it’s going to be interesting to see how the field will be narrowed down over the next few months and if Saudi Arabia will become the most likely landing spot.
When it comes to money, the Saudis have more than enough and they’ll most likely be able to beat any offer made.
There is a curious and ironic twist to the story is Endeavor ends up being the buyer.
It was reported that Shane McMahon wanted to buy the UFC in its early days but Vince couldn’t be convinced to go through with the deal.
This story is a long way from being over and we’ll keep you updated on any new breaking details.
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