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Report: FOX Mentioned As Potential Buyer Within WWE

Could FOX own all of WWE?

Speculation has been rife on Wall Street that WWE is more likely to be sold following Vince McMahon's retirement and the company has seen an uptick in its stock price since the 76-year-old announced he was leaving on Friday, July 22. 

Longtime Wall Street analyst Alan Gould of Loop Capital upgraded his WWE rating to 'buy' following McMahon's exit and he speculated Comcast, Amazon, Disney, and Netflix would be potential buyers of the company. 

Along with those companies, people within WWE have mentioned FOX as a possible buyer, according to Dave Meltzer of the Wrestling Observer Newsletter. The media organisation is not as cash-rich as the likes of Disney but FOX has a "great relationship" with WWE and they currently air SmackDown on Friday nights. 

Despite the speculation, WWE is not currently in talks with another organisation to sell the company. Vince McMahon remains WWE's majority shareholder despite his retirement as CEO and Chairman. 

Leading WWE following McMahon's retirement is Stephanie McMahon and Nick Khan as Co-CEOs, while Paul "Triple H" Levesque is head of creative. 

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Aidan Gibbons

Written by Aidan Gibbons

Journalist/Editor-in-Chief of Cultaholic.com Twitter: @theaidangibbons