NBCUniversal CEO Comments On Potentially Buying WWE
Could Comcast buy WWE?
NBCUniversal CEO Jeff Shell has commented on the possibility of Comcast - the parent company of NBCUniversal - buying WWE.
After being asked at a post-earnings call about mergers and acquisitions with specific reference to WWE, Shell stated:
"We are always looking for bolt-on acquisitions that bolster our businesses. Two examples: We bought DreamWorks [Animation]...and it has been paying off steadily since our acquisition. Just now, with Puss In Boots [The Last Wish], which is a big hit at the box office and really our entrance back into the Shrek universe, continues to make that acquisition look really favourable. And our Blumhouse investment over time, where we're partners with Jason Blum, and we have a big hit, M3GAN, this month, which is coming out of that investment."
WWE was put up for sale by Vince McMahon following his return to the company earlier this month as Executive Chairman. The 77-year-old is said to only be back to pursue a sale. Should that fail, he will be involved in WWE's next round of talks over media rights deals.
Since it was made clear that WWE are up for sale, the likes of Comcast, Netflix, Disney, Endeavor, and the Saudi Arabia Public Investment Fund have emerged as potential bidders.
H/T to Deadline