Report: WWE Set To Meet With Potential Buyers In April

First-round talks will take place next month

Lewis Howse smiling with a pint of beer

Mar 9, 2023

Vince McMahon 9 billion.jpg

WWE could be set to meet with potential buyers in April, according a new report.

In an article on WWE being in talks with state gambling regulators to legalise betting on scripted matches, CNBC noted, "WWE is set to meet with potential buyers for the company next month in preparation for first-round bids", adding that "There's no assurance a transaction will take place".

It did not state which potential buyers they could meet with, though Endeavor's CEO recently ruled out buying the company. The Saudi Arabian Public Investment Fund (PIF), Comcast and Netflix, among other parties remain in the running.

Vince McMahon returned to the company earlier this year as Executive Chairman in order to facilitate a sale of the company, having resigned and retired in July 2022 amid a sexual misconduct and hush money scandal.

McMahon has valued WWE at $9 billion, according to recent reports.

Furthermore, Brandon Thurston of Wrestlenomics has suggested that May 27 could be an important date for the company (if it is not sold or taken private by then), tweeting:

"If WWE isn't sold or taken private by this date, then I doubt a transaction happens, given timing around Raw and Smackdown TV deals that need to be made. Q1 earnings call earlier in May could be another moment for clarity".

WWE's King & Queen of the Ring premium live event will take place in Jeddah on May 27.

Recommended


Latest posts